HMT has published its response to its January 2021 consultation and call for evidence on the UK regulatory approach to cryptoassets and stablecoins. The consultation response confirms the government’s intention to bring...more
HM Treasury has published its long awaited Future Regulatory Framework (FRF) Review consultation with proposals for reforms to the UK’s financial services regulatory framework to keep it fit for the future and to reflect the...more
The fourth edition of the Financial Services Regulatory Initiatives Grid has been published today by the Financial Services Regulatory Initiatives Forum. Amongst the initiatives included in the Grid are new climate related...more
11/2/2021
/ Bank of England ,
Capital Markets ,
Corporate Governance ,
Environmental Social & Governance (ESG) ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Reform ,
Financial Services Industry ,
HM Treasury ,
Prudential Regulation Authority (PRA) ,
Sustainable Finance ,
UK
It’s just under three weeks until consumer credit firms must start using the FCA’s updated consumer credit information sheets which were published in May this year.
In May 2021, the FCA updated its webpage on consumer...more
The FCA’s long-awaited feedback statement on open finance has been published. Findings from December 2019’s call for input suggest that, although there is a place for a regulatory framework to set outcomes, the best way...more
Regulatory Developments -
United Kingdom: Kalifa Review of UK FinTech published -
On 26 February 2021, HM Treasury published the Kalifa Review of UK FinTech, identifying priority areas to support the UK’s fintech sector. The...more
3/25/2021
/ Banks ,
Competition ,
Data Protection ,
Digital Currency ,
Financial Regulatory Reform ,
Financial Services Industry ,
FinTech ,
Foreign Exchanges ,
FSB ,
Mobile Payments ,
Popular ,
Regulatory Agenda ,
UK
Barely a month since the end of the post-Brexit transition period, the FCA is consulting on changes to the onshored SCA-RTS and to the guidance in its Payment Services and E-Money Approach Document (and PERG). ...more
Key developments of interest over the last month include:
United Kingdom: HM Treasury is consulting on proposed insolvency changes for payment institutions and electronic money institutions, including a bespoke special...more