On 20 January 2026, the Prudential Regulation Authority (PRA) published Policy Statement 1/26 – Implementation of Basel 3.1: Final rules (PS1/26).
Basel 3.1
The final policy, rules and supervisory expectations in PS1/26 were published as near-final in Policy Statement 17/23 – Implementation of the Basel 3.1 standards near-final part 1 (
On 16 January 2026, the Financial Conduct Authority (FCA) published a letter (dated 19 December 2025) that it had sent to trade associations regarding the process to establish a future entity for open banking.
Background
In August 2025, the FCA published Feedback Statement 25/4: Design of the Future Entity for UK open banking
On 15 January 2026, the European Commission issued both a targeted and public consultation to collect stakeholder feedback on the barriers that arise from the application of the European Venture Capital Funds Regulation (EuVECA), the Alternative Investment Funds Directive (AIFMD) and Member State national legal frameworks for investment funds, together with
On 15 January 2026, the Prudential Regulation Authority (PRA) published ‘Dear CEO’ letters setting out its 2026 priorities in relation to the supervision of Uk deposit takers and international banks.
In these letters, which were sent to Chief Executive Officers of PRA regulated UK deposit takers and international banks active in the UK, the
On 30 December 2025, there was published in the Official Journal of the EU, Commission Notice on the application of the sustainable finance framework and the Corporate Sustainability Due Diligence Directive to the defence sector. The Notice is intended to help market operators ensure compliance with the requirements of the EU sustainable finance framework in
On 14 January 2026, the European Securities and Markets Authority (ESMA) issued a thematic note on sustainability-related claims, focusing on ESG strategies.
The thematic note contains four principles for making sustainability claims to ensure that all claims are clear, fair, and not misleading and thereby avoid the risk of greenwashing. The principles do
On 13 January 2026, the European Securities and Markets Authority (ESMA) issued a Final Report containing updated guidelines on stress test scenarios under the Money Market Funds Regulation (MMF Regulation).
The MMF Regulation provides that ESMA shall develop guidelines with a view to establishing common reference parameters of the stress test
On 14 January 2026, the Financial Conduct Authority, Bank of England and Prudential Regulation Authority signed a Memorandum of Understanding (MoU) with the European Supervisory Authorities to enhance cooperation and oversight of critical third parties (CTPs) that fall under the UK’s CTP regime. The MoU establishes a framework for coordinating and