On 26 September 2025, the Single Resolution Board (SRB) published Operational Guidance on Resolvability Testing for Banks (Operational Guidance).
The SRM Vision 2028 calls for an increased focus on banks’ operational readiness to implement resolution strategies. A key component of the SRM Vision 2028 is resolvability testing.
The purpose of the
On 25 September 2025, HM Treasury (HMT) issued a consultation and call for evidence on the UK’s Commercial Credit Data Sharing (CCDS) scheme.
The government committed to consult on the CCDS scheme at Autumn Budget 2024, to assess potential enhancements.
CCDS scheme
CCDS is an initiative dating back to 2013. It
On 26 September 2025, the Financial Conduct Authority (FCA) issued Consultation Paper 25/26: Consequential Handbook changes following the proposals in CP25/17 (CP25/26).
Background
Earlier this year the FCA published Consultation Paper 25/17 (CP25/17), setting out detailed rules for a new regulated proposition for targeted support in pensions and retail
On 28 July 2025, the Prudential Regulation Authority published a Final Notice in respect of the London branch of Barents Reinsurance S.A., imposing a fine of £1,785,000 for failing to organise and control its affairs responsibly and effectively, as well as governance and regulatory reporting failures for more than two years post Brexit. For the
On 25 September 2025, the Australian Securities and Investments Commission (ASIC) published Report 815 Hardship, not so hard to get help (REP 815).
REP 815 sets out the actions that ASIC has taken since the publication in May 2024 of Report 782 Hardship, hard to get help: Findings and actions to
On 25 September 2025, the Australian Government opened a consultation on draft legislation to regulate digital asset platforms and tokenised custody platforms by introducing each as new financial products.
The draft legislation seeks to implement the Australian Government’s commitment in the 2024-2025 Budget to modernise Australia’s digital asset regulations. The proposals would address the current
On 25 September 2025, the European Securities and Markets Authority (ESMA) published updated reporting instructions and XML schema (version 1.2.0) for the weekly reporting of commodity derivatives positions under the Markets in Financial Instruments Directive II, reflecting the changes from the latest review. ESMA will start applying the new XML schema and reporting
On 25 September 2025, there was published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2025/1493 of 11 June 2025 amending Commission Delegated Regulation (EU) No 876/2013 supplementing the European Markets Infrastructure Regulation as regards changes to the functioning and management of colleges for central counterparties.
Our earlier blog
On 25 September 2025, the Financial Conduct Authority (FCA) published a statement in parallel with HM Revenue and Custom’s (HMRC) newsletter 173 on pension schemes, clarifying how its existing rules on cancellation rights operate.
FCA rules
Under FCA rules, consumers have a right to cancel certain contracts typically within 30 days
On 25 September 2025, HM Treasury (HMT) published a policy paper on the inaugural UK-Australia Joint Financial Regulatory Forum (Forum), held virtually, and jointly chaired by Gwyneth Nurse, Director General (Financial Services) of HM Treasury (HMT), and James Kelly, Deputy Secretary (Markets Group) of the Australian Treasury on 24