On 29 May 2026, HM Treasury (HMT) wrote to the Co-Chairs of the Crypto & Digital Assets APPG.
Summary
HMT set out that it recognises the potential for digital assets and blockchain technologies to drive economic growth in the UK and that this is why the Government introduced the Financial Services and
On 29 May 2026, the Financial Conduct Authority (FCA) published Policy Statement 26/8: Retail banking business models data (PS26/8).
Background
In January 2026, the FCA consulted on transforming a previously ad hoc series of retail banking business models (R2B2) data collections into an annual regulatory return. Under the proposals
On 29 May 2026, the Financial Conduct Authority (FCA) published Handbook Notice 141.
This Handbook Notice describes the changes to the FCA Handbook and other material made by the FCA Board under their legislative and statutory powers on 23 April 2026 and 28 May 2026.
On 23 April and 28 May 2026
The Serious Fraud Office (SFO) has entered into its first Deferred Prosecution Agreement (DPA) in five years. The agreement with Ultra Electronics Holdings Limited (Ultra), a British defence, security and aerospace manufacturer, covers historic alleged conduct relating to failure to prevent bribery under the UK Bribery Act 2010 (
On 28 May 2026, the Financial Conduct Authority (FCA) updated its webpage which sets out its findings from a review of how benchmark administrators manage data risks.
The FCA completed a multi-firm project looking at the quality of calculation controls in the benchmarks sector and this is reported on in chapter 5 of
On 28 May 2026, the Financial Conduct Authority (FCA) published its findings in relation to financial firms’ controls, highlighting good and poor practices and areas for improvement to support better compliance with sanctions rules.
Background
The FCA highlights that over the past four years, the UK’s sanctions regimes have grown in scope and
On 28 May 2026, the Prudential Regulation Authority (PRA) published Policy Statement 15/26 (PS15/26) setting out updates to Pillar 2A methodologies and related guidance, as the first phase of a two-stage review.
Background
In Consultation Paper 12/25 (Pillar 2A review) Phase 1 (CP12/25), the PRA proposed updates to Pillar
3 April – 3 May 2026
ESG is changing the landscape for financial institutions as stakeholders, including investors, increasingly expect them to make their operations more sustainable.
Financial services regulators also view ESG as a priority, embedding the principles of climate-related financial risks into their supervisory frameworks and dealing with greenwashing issues.
There is
Whistleblowing can take many different forms, can encompass a wide range of different concerns and can vary in terms of seriousness. However, there is at least one constant: knowing when to report and dealing with concerns raised both require careful handling and consideration if regulated firms and individuals are not to create additional problems for
On 20 May 2026, the Financial Conduct Authority (FCA) published on its website a regulatory guide aimed at smaller credit brokers, to help them understand and implement the regulator’s expectations in a way that is proportionate to their business. The guide explains the FCA’s requirements and expectations, and where they derive from. It