Looking ahead into the new year, our latest briefing note looks at key regulatory topics for 2026 that will have a significant impact on institutions operating in the UK financial services space. This includes not every single reform but those that we expect to be the most significant as well as key regulatory enforcement developments.
In our latest briefing note, we look at key regulatory topics for 2026 that will have a significant impact on institutions operating in the UK financial services space. We have not attempted to list every single reform expected next year but rather pick out those with the potential to be most significant, as well
On 10 December 2025, the Financial Conduct Authority (FCA) published its letter (dated 9 December 2025) to the Prime Minister providing an update on its approach to growth.
Growth is a cornerstone of the FCA’s strategy to 2023 and in addition to the steps that the FCA has already taken, the letter sets
On 21 July 2025, the Bank of England and the Financial Conduct Authority issued a joint statement confirming that their Memorandum of Understanding on supervising financial market infrastructure continues to be effective with appropriate coordination and no material duplication.
On 14 July 2025, the Treasury Committee of the House of Commons (the Committee) published a Report, Financial Ombudsman Service: Accountability to the House of Commons. The Report follows the oral evidence session on the work of the Financial Ombudsman Service (FOS) which involved Baroness Manzoor, Chair, FOS, and James Dipple
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