On 8 June 2026, the European Banking Authority (EBA) issued a discussion paper extending the Pillar 3 Data Hub (P3DH) process to Small and Non-Complex Institutions (SNCIs).
The P3DH is a centralised platform on the EBA website that facilitates the access to Pillar 3 information by all users, covering
On 8 June 2026, the Financial Conduct Authority (FCA) published a new webpage providing an update on reforms to the UK Money Market Fund Regulation (UK MMRF).
In its update the FCA sets out some of the key proposals that its original consultation included and the responses to them.
The key
On 5 June 2026, the Financial Conduct Authority and Office of Financial Sanctions Implementation entered into a Memorandum of Understanding (MoU). The MoU sets out the arrangements for cooperation and exchange of information between the two regulators and replaces an earlier MoU dated 21 November 2023.
On 2 June 2026, the launch of the UK Payments Initiative (UKPI) was announced intended to take forward innovation in open banking and commercial variable recurring payments.
Summary
The new scheme is intended to enable recurring and automated payments to businesses and government, in a way that is consistent, scalable, and designed for
On 3 June 2026, the Financial Conduct Authority (FCA) published a set of responses to questions raised by firms on the introduction of anti-money laundering (AML) regulations for cryptoasset firms, specifically, on the interaction between the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (
On 3 June 2026, the House of Lords Financial Services Regulation Committee (the Committee) published its report, Stablecoins: waiting for regulation (the Report). The report follows an inquiry launched in January 2026 into the growth and proposed regulation of stablecoins in the UK, with a focus on the Bank of England’s
On 3 June 2026, the EU Anti-Money Laundering Authority (AMLA) issued a consultation on draft guidelines on ongoing monitoring of business relationships.
The draft guidelines are developed under Article 26(5) of the Anti-Money Laundering Regulation and are intended to support obliged entities in implementing their ongoing and transaction monitoring duties. They set out