Tracks financial services regulatory developments and provides insight and commentary
On 16 June 2025, HM Treasury (HMT) issued an update on domestic premises suppliers and buy-now, pay-later (BNPL).
Background
In its consultation on the BNPL regime HMT proposed that domestic premises suppliers – businesses who sell, offer to sell or agree to sell goods or offer to supply or contract to…
On 12 June 2025, the Payment Services and Payment Accounts (Contract Termination) (Amendment) Regulations 2025 were made together with an explanatory memorandum.
These Regulations amend regulation 51 of the Payment Services Regulations 2017 to impose new requirements on payment service providers (PSPs) in relation to the termination of framework contracts for payment…
On 13 June 2025, the Council of the EU issued a press release which stated that it had adopted targeted changes to EU liquidity rules for the banking sector.
Changes
The changes, set out in a draft Regulation amending the Capital Requirements Regulation (CRR) as regards requirements for securities financing transactions under the…
On 13 June 2025, the House of Lords’ Financial Services Regulation Committee (the Committee) issued a report, Growing pains: clarity and culture change required – An examination of the secondary international competitiveness and growth objective.
Background
The Committee’s inquiry examined the progress made in driving the Prudential Regulation Authority and Financial Conduct Authority…
On 12 June 2025, the Australian Securities and Investments Commission (ASIC) published the keynote address given by its chair, Joe Longo, at the AmCham Regulator Luncheon Series.
In his speech Mr Longo discusses the role that superannuation plays in the Australian economy, as a significant force in both local and global capital markets…
On 12 June 2025, the Australian Securities and Investments Commission (ASIC) issued a press release stating that it had issued warning notices to 18 social media ‘finfluencers’ suspected of unlawfully promoting high-risk financial products and providing unlicenced financial advice.
Following the issuance of INFO Sheet 269 ‘Discussing financial products and services online’ in…
On 12 June 2025, the Australian Prudential Regulation Authority (APRA) issued a consultation paper on modifying the capital framework for annuities.
In summary the proposals redesign the illiquidity premium in Prudential Standard LPS 112 Capital Adequacy: Measurement of Capital (LPS 112). Specifically, APRA proposes to allow a bigger liquidity premium where…
Newly sworn-in Federal Reserve Board Vice-Chair for Supervision Michelle W. Bowman laid out her “pragmatic” agenda to improve bank supervision and regulation.
The full update can be found here on our US Regulatory Intelligence platform.
A bipartisan group of House Financial Services Committee members pressed the Federal Reserve and OCC to move forward with long-promised reforms to bank leverage ratios that are constraining liquidity in the US Treasury market.
The full update can be found here on our US Regulatory Intelligence platform.
