The Federal Reserve Board (“Fed”) proposed “[to] amend the calculation of the Board’s stress capital buffer requirement.”
The full update can be found here on our US Regulatory Intelligence platform.
New SFO Corporate Guidance
On 24 April 2025, the Serious Fraud Office (SFO) published new guidance for firms about self-reporting, co-operation and Deferred Prosecution Agreements (DPAs) – a timely development in light of the failure to prevent fraud offence coming into force on 1 September 2025, which the SFO has recently said it is looking
Pensions Dashboards Programme publishes report on providers’ readiness
On 24 April 2025, the Pensions Dashboards Programme (PDP) published a report on personal pension providers’ readiness for pensions dashboards.
Background
The PDP explains that Ipsos carried out an online survey of Financial Conduct Authority (FCA) regulated pension providers to understand how they are preparing to connect to the pensions dashboards
FCA announces simplification of supervisory communications
On 24 April 2025, the Financial Conduct Authority (FCA) announced plans to simplify its process for providing firms with supervisory communications.
The FCA explains that it is making these changes as part of its Consumer Duty requirements review, with the aim of streamlining how it sets its supervisory priorities to support its commitment
Treasury Committee to hear oral evidence on finfluencers
On 22 April 2025, the House of Commons Treasury Committee confirmed that it would hold the first oral evidence session as part of its inquiry into finfluencers on 30 April 2025. The Financial Conduct Authority’s joint executive director for enforcement and market oversight, Steve Smart, and its director of consumer investments, Lucy Castledine, will give
FCA consults on simplifying rules on definition of regulatory capital for investment firms
On 24 April 2025, the Financial Conduct Authority (FCA) published a consultation paper, CP25/10, on the definition of capital for FCA investment firms.
Background
The UK Capital Requirements Regulation (UK CRR) currently forms part of assimilated UK law. However, the FCA considers many of these requirements to be unnecessarily complex
Global Regulation Tomorrow Plus: Financial services regulation and the carbon markets – the UK perspective
In the latest episode of our podcast series, Hannah Meakin, Saaraa Alimahomed and Simon Lovegrove discuss carbon trading, and the UK financial service regime.
Listen to our podcast here.
Let’s talk asset management: Episode 16 – Streamlining the UK alternative investments regime
In the latest episode of our Let’s talk asset management series, Hannah Meakin, Lucy Dodson and Simon Lovegrove discuss the recent papers issued by HM Treasury and the Financial Conduct Authority to streamline the regulatory framework for the alternative investment management sector to promote economic growth.
Listen to our podcast here.
FCA publishes summary of AI Sprint
On 23 April 2025, the Financial Conduct Authority (FCA) published a summary of its Artificial Intelligence (AI) Sprint, which was held over two days in January 2025. It also published an accompanying blog highlighting some key lessons from the Sprint.
AI Sprint summary
At the Sprint, 115 participants from across industry
PRA consults on restating MiFID Org Regulation requirements
On 23 April 2025, the Prudential Regulation Authority (PRA) published a consultation paper, CP9/25, on the Markets in Financial Instruments Directive (MiFID) Organisational Regulation (MiFID Org Regulation).
Background
The MiFID Org Regulation is currently assimilated law in the UK and is cross-referenced in PRA rules. HM Treasury is proposing