- Strengthening Financial Resilience and Market
IOSCO publishes 2026 workplan
FOS publishes quarterly complaints data
- Overall, the FOS received 47,300 new complaints during this period, which is higher than the 46,300 new complaints it received in the previous quarter reported.
- However, this is
ESMA 2027 – 2029 Programming Document
- ESMA will play a central role in the implementation of the Savings and Investments Union through policy making, enhanced supervisory convergence and potential new direct supervisory responsibilities.
- ESMA is
FSB warns of financial stability challenges in repo markets
On 4 February 2026, the Financial Stability Board (FSB) published a report on Vulnerabilities in Government Bond-backed Repo Markets.
The report forms part of the FSB’s work programme to enhance resilience in nonbank financial intermediation (NBFI).
The report focuses on the repo markets backed by government bond collateral as this
FCA’s Best Execution Review – Key themes and governance challenges for UK equity markets
In December, the FCA brought out its findings on best execution in UK listed cash equities in relation to wholesale banks. In recent months, we have become used to these multi firm reviews which conceal considerable informal guidance which the FCA is indicating is good or bad practice. So, in that context, I wanted to
FSB Work Programme 2026
On 3 February 2026, the Financial Stability Board (FSB) published its Work Programme for 2026.
The Work Programme summarises ongoing and planned FSB initiatives in 2026, some of which extend into 2027 and beyond. An Annex to the Work Programme provides an indicative timeline of key FSB publications and external events planned
BoE publishes letter to CFOs on firms’ preparations for the third Resolvability Assessment Framework assessment
On 3 February 2026, the Bank of England (BoE) published a letter from Ruth Smith (Executive Director, Resolution Directorate) to CFOs of the major UK banks, on firms’ preparations for the third Resolvability Assessment Framework (RAF) assessment.
The letter provides information, ahead of the third RAF assessment, to support firms with
Frenemies at the gates − speech by Rebecca Jackson
On 2 February 2026, the Prudential Regulation Authority (PRA) published a speech by Rebecca Jackson (Executive Director, Authorisations, Regulatory Technology and International Supervision) entitled Frenemies at the gates.
The speech focuses on a changing market landscape, shaped by rapid advances in new technologies and the growing importance of specialist electronic market makers
Delegated Regulation amending RTS on third country administrator recognition applications under BMR published in OJ
On 30 January 2026, Commission Delegated Regulation (EU) 2026/264 (the Amending Regulation), which contains amendments to regulatory technical standards (RTS) supplementing the Benchmarks Regulation ((EU) 2016/1011) (BMR) on third country administrator recognition applications, was published in the Official Journal of the European Union (the OJ).
The Amending Regulation makes
Financial Services and Markets Act 2000 (Regulated Activities) (Providing Targeted Support) (Amendment) Order 2026 published
On 30 January 2026, the Financial Services and Markets Act 2000 (Regulated Activities) (Providing Targeted Support) (Amendment) Order 2026 (SI 2026/74) (the Order) was published on legislation.gov.uk, together with an explanatory memorandum.
The Order amends the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (RAO) to create a new regulated activity