On 23 February 2026, the Single Resolution Board (SRB) updated its operational guidance on separability and transferability for more alignment and proportionality. The update follows a consultation that took place between 13 August 2025 to 22 October 2025. The SRB has also issued a Feedback Statement to the consultation.
When a bank is
On 20 February 2026, the European Securities and Markets Authority (ESMA) issued a Supervisory Briefing that aims to clarify and provide examples as to how compliance with the representativeness obligation should be performed and reported by counterparties in accordance with Article 7b of EMIR and Annex III of Commission Delegated Regulation (EU) 2026/305.
On 17 February 2026, the European Commission adopted a proposal for a Directive on the supplementary supervision of credit institutions, insurance or reinsurance undertakings, investment firms, asset management companies and alternative investment fund managers in a financial conglomerate.
The proposed Directive will codify and replace the current Financial Conglomerates Directive (FICD). The content
On 20 February 2026, the Prudential Regulation Authority (PRA) published Policy Statement 5/26 – Credit Union Service Organisations (PS5/26).
Overview
In June 2025, the PRA published a consultation paper (CP13/25) which set out proposed rules and expectations for credit unions who invest or wish to invest in Credit Union
Introduction
ESG is changing the landscape for financial institutions as stakeholders, including investors, increasingly expect them to make their operations more sustainable.
Financial services regulators also view ESG as a priority, embedding the principles of climate-related financial risks into their supervisory frameworks and dealing with greenwashing issues.
There is limited uniformity in regulation as financial
On 19 February 2026, the Financial Conduct Authority (FCA) issued a statement intended to provide clarification around forbearance following the introduction of the new Public Offers and Admissions to Trading Regulations (POATRs) regime.
Specifically the FCA discusses the potential overlapping requirements in UKLR 6.4.4R(4), 13.3.20R(4), 14.3.17R(4), 16.3.16R(4) and 22.2.17R(4) which has
Last month, the Financial Conduct Authority published a Final Notice to Russel Gerrity, imposing on Mr Gerrity a financial penalty of £309,843 as a result of trading activity he carried out after he had had access, in his consultancy role, to inside information about drilling results.
For the key takeaways from this case, as well
On 19 February 2026, the European Securities and Markets Authority (ESMA) issued a Consultation Paper on MAR guidelines on delay in the disclosure of inside information.
Background
Under the Market Abuse Regulation (MAR), issuers are to disclose to the public as soon as possible the inside information that directly concerns
On 19 February 2026, HM Treasury (HMT) published a Policy Update Response on the proposed approach to applying the Financial Services and Markets Act 2000 model of regulation to the UK Capital Requirements Regulation (UK CRR). The document summarises responses received to the earlier consultation launched in July 2025 and sets