On 10 April 2025, the Financial Conduct Authority announced that Nikhil Rathi had been reappointed as its chief executive.
Nikhil Rathi reappointed as FCA chief executive
FCA response to Government call for regulators to support growth
On 17 January 2025, the FCA published its response to a letter from the Prime Minister which was sent along with the Chancellor’s recommendations on growth.
The letter describes certain planned reforms under three headings: (i) unlocking capital investment and liquidity (ii) accelerating digital innovation to enhance productivity and (iii) reducing the regulatory burden. In
PRA CBA Panel Report 2024
On 10 January 2025, the Prudential Regulation Authority (PRA) published the 2024 Annual Report of its Cost Benefit Analysis (CBA) Panel.
The CBA Panel is a statutory panel established to provide advice to the PRA and the Bank of England (BoE) on the preparation of CBAs. Since 1 August
CP25/1 FSCS – MELL 2025/26
On 10 January 2025, the Financial Conduct Authority, Prudential Regulation Authority and Bank of England jointly published Consultation Paper 25/1 ‘Financial Services Compensation Scheme – Management Expenses Levy Limit 2025/26’ (CP25/1).
In CP25/1 the regulators set out proposals for the Management Expenses Levy Limit (MELL) for the Financial Services Compensation Scheme
Government issues recommendations to UK regulators
On 15 November 2024, the Government published the new growth-focused remit letters to the FCA, Prudential Regulation Committee, Financial Policy Committee, and the Payment Systems Regulator. These letters were mentioned in the Mansion House speech.
FCA Aggregate complaints data: 2024 H1
- Compared to H2 2023, there was a 4% decrease in complaints to financial services firms.
- The product groups that experienced an increase in complaints were decumulation and pensions (up 7.1%), insurance and pure
New video – General election: Four key themes to watch for in financial services
In our new video, Jonathan Herbst and Glenn Hall discuss the four key themes the financial services sector needs to watch out for, should there be a Labour government. Glenn also talks about how policy making evolves in the first 100 days, should a new government come in including preparing for a King’s speech
Continuity or change? What party manifestos could mean for UK financial services policy
This article first appeared in Thomson Reuters Regulatory Intelligence.
Political party manifestos are usually high-level to give a sense of direction, and both the Conservative and Labour party platforms largely reflect their previous proposals. The Conservatives have unsurprisingly committed to bolstering their Mansion House and Edinburgh Reforms, which were key components of their
New Regulation Tomorrow Plus podcast – What does the general election mean for financial services?
In our latest Global Regulation Tomorrow Plus podcast, Jonathan Herbst, Glen Hall and Simon Lovegrove discuss what it is like for a new government taking office and, from a financial services perspective, some of the key points arising out of the manifestos and some of the biggest challenges facing a new government.
Listen to the
Labour Party – Manifesto 2024
- Financial services are one of Britain’s greatest success stories. Labour will create the conditions to support innovation and growth in the sector, through supporting new technology, including Open Banking and Open Finance