On 14 January 2026, the Financial Conduct Authority (FCA) published Consultation Paper 26/3: Retail Banking Business Models data (CP26/3).
Proposals
In CP26/3 there are proposals to require certain retail banks and building societies to send to the FCA an annual regulatory reporting return with information on their business models. This will
On 13 January 2026, the European Securities and Markets Authority (ESMA) announced that it had adopted a new Digital Strategy and updated its Data Strategy.
Data Strategy
The Data Strategy 2023–2028 has been updated to reflect the focus on burden reduction, the evolving technological landscape, and ESMA’s desire for unlocking efficiency opportunities. While
On 13 January 2026, the G7 Cyber Expert Group (G7 CEG) issued a statement on advancing a coordinated roadmap for the transition to post-quantum cryptography in the financial sector. The statement follows an earlier statement that the G7 CEG issued in September 2024 which highlighted the benefits and risks associated with quantum computing.
On 13 January 2026, the Financial Conduct Authority and Prudential Regulation Authority issued a joint consultation paper (PRA CP1/26, FCA CP26/2) setting out the proposal for the Management Expenses Levy Limit (MELL) for the Financial Services Compensation Scheme (FSCS) for 2026/27. The MELL covers the FSCS’ costs of operating the UK’s
On 12 January 2026, the International Regulatory Strategy Group (IRSG) published a report mapping how jurisdictions are approaching artificial intelligence (AI) in financial services. The report identifies where global coherence is emerging and outlining practical steps for policymakers and regulators to promote the safe and responsible innovation of AI.
Key findings
On 12 January 2026, the Financial Conduct Authority (FCA) published a new webpage, outlining its findings in relation to its assessment of how firms of different sizes and business models evaluate complex exchange traded products (ETPs), communicate key risks and monitor outcomes under the Consumer Duty.
Background
In July 2025
On 8 January 2026, the Financial Conduct Authority (FCA) published webpages setting out further information in relation to its proposed approach to the new regulatory regime for Cryptoassets.
Background
In October 2023, HM Treasury (HMT) published proposals for the creation of a regulatory regime for cryptoassets and, in December 2025, the government
On 9 January 2026, the European Banking Authority (EBA) issued a report on the completeness and appropriateness of the definitions and provisions on consolidation under Article 18(10) of the Capital Requirements Regulation (CRR).
The EBA states that the report is the first comprehensive assessment of the EU regulatory framework on prudential
On 9 January 2026, the European Banking Authority (EBA) issued a report on prudential consolidation and the final guidelines on ancillary services undertakings (ASU) under the Capital Requirements Regulation (CRR).
The EBA has prepared the report in accordance with the mandate given to it under Article 18(10) of the