On 2 July 2025, the House of Lords Financial Services Regulation Committee (Committee) launched a Call for Evidence for its inquiry on the growth of private markets in the UK following reforms introduced after 2008.
The inquiry opened on 1 July 2025 to examine whether, in particular, the regulatory capital and liquidity reforms
On 26 June 2025, the Prudential Regulation Authority (PRA) issued its second report setting out how it has advanced its secondary competitiveness and growth objective, alongside its secondary competition objective. The report covers the period from July 2024 to June 2025. The report was presented to Parliament pursuant to section 26 of the
On 25 June 2025, the Lending Standards Board issued a press release stating that its board had taken the decision to begin an orderly and solvent wind-down of its operations this summer, with closure planned for the end of October 2025. The press release adds that the LSB will cease oversight of its standards and
On 26 June 2025, the Financial Conduct Authority (FCA) published a speech by its Chief Executive, Nikhil Rathi. The speech is entitled What king of market do we want to be?
Among other things Mr Rathi touches on the criticism that the FCA has faced for being too risk adverse and this is
On 24 June 2025, the Financial Conduct Authority (FCA) published a new web page stating that its Memorandum of Understanding (MoU) with the Bank of England, Prudential Regulation Authority and Payment Systems Regulator had been updated. The MoU sets out the high-level framework that the regulators use to cooperate with one
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 28 April 2025, the European Parliament’s Committee on Economic and Monetary Affairs published a draft report on safeguarding and promoting financial stability amid economic uncertainties. Among other things the Rapporteur identifies several macro-financial risks and stresses the need for robust crisis preparedness mechanisms to safeguard the EU’s financial system. The rapporteur also highlights the
On 10 April 2025, the Financial Conduct Authority announced that Nikhil Rathi had been reappointed as its chief executive.
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
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