FinTech

In the latest episode of our Global Regulation Tomorrow Plus podcast series, Hannah Meakin and Simon Lovegrove discuss the two papers that the Bank of England has recently issued on sterling‑denominated systemic stablecoins – a consultation paper on the “Regulatory Framework for Sterling Systemic Stablecoins” and a financial stability paper on “The role of holding

On 21 November 2025, the European Banking Authority (EBA) issued a factsheet on the AI Act and its implications for the EU banking and payments sector.

The factsheet notes that there are not significant contradictions between the EU’s AI Act, which entered into force in August 2024, and EU banking and payments legislation.

On 10 November 2025, the Bank of England (BoE) published a consultation paper setting out its proposed regulatory regime for sterling-denominated systemic stablecoins.

Overview

Sterling-denominated systemic stablecoins are a new type of digital money designed to maintain a stable value and could be used for retail payments and wholesale settlement in the future.

On 5 November 2025, HM Treasury published correspondence from the Economic Secretary to the Treasury commissioning the Financial Services Skills Commission to produce a report on AI and other disruptive technologies as provided for in the Financial Services Growth and Competitiveness Strategy published in July 2025.