On 28 April 2025, the Financial Conduct Authority (FCA) published Finalised Guidance 25/2 ‘Guidance for insolvency practitioners on how to approach regulated firms’ (FG25/2).
Background
Last year the FCA issued Guidance Consultation, GC24/1, on proposed amendments to FG21/4: Guidance for insolvency practitioners (IPs) on how to approach regulated
On 28 April 2025, the Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions (CPMI-IOSCO) issued a report ‘Implementation monitoring of PFMI: Level 2 assessment report for the EU – PSs and CSDs / SSSs’. The report presents CPMI-IOSCO’s assessment of whether, and to what degree, the contents
On 25 April 2025, the European Banking Authority (EBA) issued a Final Report containing draft regulatory technical standards (RTS) amending Commission Delegated Regulation (EU) 2018/1108 on the criteria for the appointment of central contact points for electronic money issuers (EMIs) and payment service providers (PSPs) and with
On 28 April 2025, there was published on legislation.gov.uk a draft of The Payment Services and Payment Accounts (Contract Termination) (Amendment) Regulations 2025.
HM Treasury has also issued a press release in which it notes, among other things that banks and other payment service providers will be required to give customers at least 90
On 25 April 2025, the European Banking Authority (EBA) announced the publication of an ESG dashboard.
Background
The ESG dashboard is based on information disclosed by banks as part of their Pillar 3 ESG disclosures.
It covers climate risk, both from a transition and a physical perspective.
The indicators show the spectrum of
Background
The creation of this dedicated channel was announced in the Savings and Investments Union (SIU) Communication adopted on 19 March 2025.
Next steps
The Commission will regularly monitor the feedback, which it will use in its ongoing efforts to tackle existing obstacles to financial market integration and free movement of capital, with
On 25 April 2025, the Bank of England (BoE) published the key elements of its 2025 stress test of UK central counterparties (CCPs).
Testing
The 2025 CCP stress test will focus on assessing the resilience of UK CCPs to the default of two or more of its members during a severe
On 24 April 2025, the Prudential Regulation Authority (PRA) updated its webpage on waivers and modifications of rules.
The update refers to a modification by consent of Rules 6.3 of Chapter 6 of the Credit Union Part of the PRA Rulebook. The PRA is making available a modification to those credit unions that
On 24 April 2025, the Pensions Dashboards Programme (PDP) published a report on personal pension providers’ readiness for pensions dashboards.
Background
The PDP explains that Ipsos carried out an online survey of Financial Conduct Authority (FCA) regulated pension providers to understand how they are preparing to connect to the pensions dashboards
On 24 April 2025, the Financial Conduct Authority (FCA) announced plans to simplify its process for providing firms with supervisory communications.
The FCA explains that it is making these changes as part of its Consumer Duty requirements review, with the aim of streamlining how it sets its supervisory priorities to support its commitment