On 24 June 2025, the European Parliament issued a press release stating that its Economic and Monetary Affairs Committee (ECON) had approved the text of a report that follows up on the Draghi report and seeks to maintain pressure towards reaching the objectives of that report. Among other things the text calls for
On 23 June 2025, the Council of the EU published the final compromise text of the proposed Regulation amending the Central Securities Depositories Regulation as regards a shorter settlement cycle in the Union. The proposed Regulation enters into force on the twentieth day following its publication in the Official Journal of the EU and applies
On 25 June 2025, there was published in the Official Journal of the EU, Regulation (EU) 2025/1215 amending the Capital Requirements Regulation as regards requirements for securities financing transactions under the net stable funding ratio. The Regulation enters into force on the day following its publication in the OJ and applies from 29 June 2025.
On 25 June 2025, the Financial Conduct Authority (FCA) published Discussion Paper 25/2 – Mortgage Rule Review: the future of the mortgage market (DP25/2).
Purpose
The purpose of DP25/2 is to launch a public conversation on the future of the mortgage market and sets out a discussion on the trade-offs and
On 22 June 2025, the Financial Action Task Force (FATF) updated its non-binding Guidance Paper “Anti-Money Laundering and Terrorist Financing Measures and Financial Inclusion”.
Background
The Guidance Paper does not provide a single model for promoting financial inclusion in the anti-money laundering / countering the financing of terrorism (AML/CFT) context.
On 24 June 2025, the Prudential Regulation Authority (PRA) published Consultation Paper 13/25 – Credit Union Service Organisations (CP13/25).
In CP13/25 the PRA sets out proposed rules and expectations for credit unions who invest or wish to invest in Credit Union Service Organisations (CUSOs). CUSOs are entities that are
On 23 June 2025, the Council of the EU issued a press release stating that Member states’ representatives had agreed the Council’s negotiating mandate on simplifying sustainability reporting and due diligence requirements to boost EU competitiveness. The proposal forms part of the ‘Omnibus I’ package adopted by the European Commission on 26 February 2025 to
On 24 June 2025, the Financial Conduct Authority (FCA) published a new web page stating that its Memorandum of Understanding (MoU) with the Bank of England, Prudential Regulation Authority and Payment Systems Regulator had been updated. The MoU sets out the high-level framework that the regulators use to cooperate with one
The Court of Appeal’s recent decision in Lonham Group Limited v Scotbeef Limited & D&S Storage Limited (in liquidation) [2025] EWCA Civ 203 (Lonham v Scotbeef) provides useful guidance on the proper categorisation of representations and warranties under the Insurance Act 2015. The decision also highlights the potentially significant difference in the remedies available for