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
On 10 January 2025, the Financial Conduct Authority, Prudential Regulation Authority and Bank of England jointly published Consultation Paper 25/1 ‘Financial Services Compensation Scheme – Management Expenses Levy Limit 2025/26’ (CP25/1).
In CP25/1 the regulators set out proposals for the Management Expenses Levy Limit (MELL) for the Financial Services Compensation Scheme
On 15 November 2024, the Government published the new growth-focused remit letters to the FCA, Prudential Regulation Committee, Financial Policy Committee, and the Payment Systems Regulator. These letters were mentioned in the Mansion House speech.
On 24 October 2024, the Financial Conduct Authority issued aggregate complaints data for H1 2024.
Key findings for H1 2024 include:
In our new video, Jonathan Herbst and Glenn Hall discuss the four key themes the financial services sector needs to watch out for, should there be a Labour government. Glenn also talks about how policy making evolves in the first 100 days, should a new government come in including preparing for a King’s speech
This article first appeared in Thomson Reuters Regulatory Intelligence.
Political party manifestos are usually high-level to give a sense of direction, and both the Conservative and Labour party platforms largely reflect their previous proposals. The Conservatives have unsurprisingly committed to bolstering their Mansion House and Edinburgh Reforms, which were key components of their
In our latest Global Regulation Tomorrow Plus podcast, Jonathan Herbst, Glen Hall and Simon Lovegrove discuss what it is like for a new government taking office and, from a financial services perspective, some of the key points arising out of the manifestos and some of the biggest challenges facing a new government.
Listen to the
On 13 June 2024, the Labour Party issued its Manifesto for the 2024 General Election.
Financial services related comments in the Manifesto include:
On 11 June 2024, the Conservative Party issued its Manifesto for the 2024 General Election.
The financial services related aspects of the Manifesto include reference to the Edinburgh and Mansion House reforms on page 10. The Manifesto states that the Conservatives will build on the policies set out in the Edinburgh reforms and that it