On 14 May 2025, the Bank of England (BoE) published a speech on ‘A system-wide approach to system-wide resilience: CCPs and their users’, which was delivered by its deputy governor for financial stability, Sarah Breeden, at the ISDA Annual General Meeting.
In the speech, Ms Breeden sets out the critical role
On 13 May 2025, the Bank of England (BoE) published a speech on data governance, which was delivered by its executive director for data and analytics transformation and chief data officer, James Benford, at the Gartner Data Analytics Summit.
In his speech, Mr Benford explains that data governance helps organisations to protect
On 13 May 2025, the Financial Services and Markets Act 2023 (Commencement No. 9) Regulations 2025 (the Regulations) were made and published on legislation.gov.uk.
The Regulations are the ninth commencement Regulations made under the Financial Services and Markets Act 2023 (FSMA 2023).
The explanatory note to the Regulations provides further information on
On 8 May 2025, the Financial Conduct Authority (FCA) published the results of the annual UK MiFID transparency calculations for bonds, which will apply from 1 June 2025.
The calculations made available include:
The
On 8 May 2025, the Property (Digital Assets etc) Bill completed the last of its House of Lords stages. The Bill had its third reading, which was the final chance for the Lords to make amendments, and no further changes were made.
The Bill will now return to the House of Commons for consideration of
On 8 May 2025, the Payment Systems Regulator (PSR) published a specific direction revoking Specific Directions 3 and 3a on the competitive procurement of central infrastructure.
Specific Direction 3, which was issued in June 2017, imposed requirements on the operator of the Faster Payments Scheme (FPS), in particular that contracts
On 8 May 2025, the Prudential Regulation Authority (PRA) published a consultation paper, CP11/25 – Discontinuing SS20/15: Supervising building societies’ treasury and lending activities.
Background
The PRA’s supervisory statement (SS) 20/15, introduced in 2015, sets out its expectations around building societies’ compliance with the requirements of the Building Societies Act
On 8 May 2025, the Financial Conduct Authority (FCA) announced the appointment of David Geale as permanent executive director for payments and digital finance, and managing director of the Payment Systems Regulator (PSR).
In this role, Mr Geale will be responsible for helping to deliver the National Payments Vision and driving
On 8 May 2025, the Financial Conduct Authority (FCA) published the findings from its review of business models for smaller asset managers and alternatives.
Background
The FCA carried out the review as part of its plans to focus on smaller firms to identify business models that pose greater risks of harm to
On 7 May 2025, the Financial Conduct Authority (FCA) published data on the appointed representatives (AR) population and financial services activity.
The FCA explains that it is focused on strengthening principal firm oversight of ARs and that its commitment to being a smarter data-led regulator shapes the work it does.