On 8 August 2025, the Bank of England (BoE) issued a Policy Statement ‘Amendments to the UK EMIR Trade Repository reporting requirements: August 2025’.
Background
The BoE and the Financial Conduct Authority (FCA) share supervisory responsibilities for the UK European Markets Infrastructure Regulation (UK EMIR) derivatives reporting obligation.
On 7 August 2025, the Financial Conduct Authority (FCA) published a new webpage on wholesale banks supervision.
The webpage sets out in one place the FCA findings on multi-firm reviews into share buybacks, conflicts of interest (registers and breaches, gifts and entertainment), off-channel communications and transaction governance. The webpage also covers inside information
On 7 August 2025, the Financial Conduct Authority (FCA) published its findings on firms’ approach to off-channel communications (those that take place outside of monitored, recorded channels a firm has permitted).
Background
The FCA regime for recording telephone conversations and electronic communications is set out in Senior Management Arrangements, Systems and Controls (
On 7 August 2025, the Financial Conduct Authority (FCA) published its findings from a review of transaction governance in wholesale banks.
Background
The FCA explained that it considers that a clear framework and governance process for considering risks arising from transactions is an important aspect of risk management for wholesale banks.
The FCA
The Financial Conduct Authority (FCA) has published an updated Enforcement Information Guide, reflecting its new Enforcement Guide (ENFG).
The Information Guide explains at a high level the FCA’s general enforcement powers under the Financial Services and Markets Act 2000 (FSMA), as well as the process of a typical
On 7 August 2025, the Financial Conduct Authority (FCA) published a Policy Statement, PS25/12, setting out changes to the safeguarding regime for payments and e-money firms. The FCA has also published its related amendments to ‘Payment Services and Electronic Money – Our Approach’.
Background
In January 2023, HM Treasury published its Payment Services
On 7 August 2025, the Single Resolution Board issued operational guidance for banks on resolvability self-assessment.
The operational guidance is an important part of the SRM Vision 2028 strategy, designed to ensure that European banks are crisis-ready, and it introduces a standardised self-assessment report designed to help banks to document their resolvability assessment in
On 7 August 2025, the European Banking Authority (EBA) issued a consultation paper setting out proposed revisions to its guidelines on internal governance under the Capital Requirements Directive (CRD).
Background
The revision of the EBA guidelines is part of EBA’s roadmap on the implementation of the banking package (Capital Requirements Regulation
On 6 August 2025, the Financial Conduct Authority (FCA) published its findings following a multi-firm review of firms’ climate reporting in line with its rules.
Background
In 2021, the FCA finalised its new environmental, social and governance (ESG) sourcebook, requiring asset managers, life insurers and FCA-regulated pension providers to disclose climate-related