The Bank Resolution (Recapitalisation) Act 2025 has been published on legislation.gov.uk together.
The Act seeks to enhance the UK’s regime for managing bank failures, termed resolution. Specifically, it would introduce a mechanism which would allow the Bank of England—the UK’s resolution authority—to recover the costs associated with recapitalising failing small banks through a levy on
On 15 May 2025, the Cross Market Operational Resilience Group’s (CMORG) Artificial Intelligence (AI) Taskforce published an AI Baseline Guidance Review.
The CMORG AI Taskforce was established in 2024 as a joint initiative of the CIO Forum and Cyber Coordination Group, to address concerns relating to sector-level risk introduced by
On 15 May 2025, HM Treasury (HMT) announced that it has laid the Financial Services and Markets Act 2023 (Private Intermittent Securities and Capital Exchange System Sandbox) Regulations 2025 (SI 2025/583) (the Regulations). The Regulations have been published on legislation.gov.uk along with an explanatory memorandum.
Background
The Regulations, a draft which
On 15 May 2025, the Payment Systems Regulator (PSR) published a thought piece on ‘The story so far: A snapshot of what we’ve seen since our APP scams reimbursement requirement went live’. The publication includes reflections from PSR managing director David Geale on what the PSR has seen since the authorised
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