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Charlotte Carnegie

On 12 November 2025, the Investment Association and the Investment Management Association of Singapore issued a joint report examining the challenges and opportunities in tokenised asset markets across both jurisdictions. It also provides an operational readiness checklist for market participants looking to design and launch tokenised financial products. The report was developed in collaboration with

On 12 November 2025, the Prudential Regulation Authority (PRA) issued Policy Statement 22/25 – Leverage Ratio: Changes to the retail deposits threshold for application of the requirement (PS22/25).

Background

Earlier this year the PRA issued Consultation Paper 2/25 (CP2/25) setting out proposals to increase the retail deposits threshold for

On 11 November 2025, the Financial Conduct Authority (FCA) published its findings following a multi-firm review focusing on risk assessment processes and controls in firms as part of its wider financial crime supervisory work.

Overview

The FCA set out examples of good and poor practice on how firms can assess, mitigate, and manage

On 10 November 2025, the Bank of England (BoE) published a consultation paper setting out its proposed regulatory regime for sterling-denominated systemic stablecoins.

Overview

Sterling-denominated systemic stablecoins are a new type of digital money designed to maintain a stable value and could be used for retail payments and wholesale settlement in the future.

On 7 November 2025, the Payments Vision Delivery Committee (PVDC) published a policy paper setting out its strategy for the future of UK retail payments infrastructure. The PVDC comprises HM Treasury (HMT), and the Bank of England, the Prudential Regulation Authority and the Financial Conduct Authority (the Authorities).

Background

In

On 5 November 2025, the Financial Conduct Authority (FCA) published Consultation Paper 25/30: Streamlining the UK EMIR Intragroup Regime (CP25/30).

Background

The UK European Market Infrastructure Regulation (UK EMIR) provides exemptions from the clearing obligation and margin requirements for intragroup transactions, as long as they meet certain conditions.

Should

On 3 November 2025, The Financial Services and Markets Act 2000 (Regulated Activities etc.) (Amendment) (No. 2) Order 2025 was made together with an explanatory memorandum.

The Order comes into force on 3 December 2025.

The Order will exempt domestic premises suppliers from credit broking regulation under the Financial Services and Markets Act 2000

On 4 November 2025, The Board of the International Organisation of Securities Commissions (IOSCO) published its final report on the Single-Name Credit Default Swaps Market (the report).

Summary

The report considers current levels of post-trade transparency in member jurisdictions, explores potential measures to encourage greater post-trade transparency, and considers the advantages and