- What is new: The FCA has published Consultation Paper 25/23 proposing new regulations for Buy Now, Pay Later (BNPL) services, now termed deferred-payment credit (DPC), with rules coming into force on 15 July 2026. - Why it...more
7/30/2025
/ Buy Now Pay Later (BNPL) ,
Compliance ,
Consumer Lenders ,
Consumer Protection Laws ,
Financial Conduct Authority (FCA) ,
Lenders ,
New Regulations ,
Proposed Rules ,
Regulatory Requirements ,
The Pensions Regulator (TPR) ,
Third Party Funding ,
UK
The first half of 2025 brought significant developments in the regulation of digital and cryptoassets in the UK and EU. In this half-year update, we review these and look ahead to likely developments in the UK and EU in the...more
7/9/2025
/ Banking Sector ,
Blockchain ,
Cryptocurrency ,
Digital Assets ,
EU ,
European Banking Authority (EBA) ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Regulatory Reform ,
FinTech ,
HM Treasury ,
Technology ,
UK
Published concurrently with Consultation Paper 25/14 (CP 25/14) on the proposals for stablecoin issuance and cryptoasset custody in the UK, Consultation Paper 25/15 (CP 25/15) sets out the UK Financial Conduct Authority’s...more
Following the publication by HM Treasury of the draft legislation establishing a financial services regulatory regime for cryptoassets in the UK, on 28 May 2025 the UK Financial Conduct Authority (FCA) published Consultation...more
6/6/2025
/ Cryptoassets ,
Cryptocurrency ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Reform ,
HM Treasury ,
New Legislation ,
New Regulations ,
Proposed Rules ,
Regulatory Requirements ,
Stablecoins ,
UK
In October 2024, HM Treasury (HMT) published a consultation paper amid perceived concerns related to the “buy now, pay later” (BNPL) sector, including uninformed consumer decisions, affordability checks and levels of...more
As part of the UK government’s aim to create legislation establishing a regulatory framework for cryptoassets, on 2 May 2025 the UK Financial Conduct Authority (FCA) published Discussion Paper DP25/1....more
The first four months of 2025 proved busy for the UK’s financial regulators, with both the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) publishing their strategy and business plan documents. As...more
5/5/2025
/ Anti-Money Laundering ,
Banking Sector ,
Banks ,
Cryptoassets ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Insurance Industry ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
Regulatory Reform ,
Risk Management ,
UK ,
White Collar Crimes
On 29 April 2025, HM Treasury published near-final draft legislation establishing a financial services regulatory regime for cryptoassets in the UK, along with a policy note explaining the intended policy outcomes of the...more
As the market for stablecoins continues to evolve in sophistication and scale, financial institutions in the UK and EU are increasingly exploring whether and how to engage with them, whether for treasury, payments, settlement...more
3/20/2025
/ Anti-Money Laundering ,
Banking Sector ,
Digital Assets ,
E-Money ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Services Industry ,
Investment Management ,
Popular ,
Prudential Regulation Authority (PRA) ,
Risk Management ,
Stablecoins ,
Technology Sector ,
UK
On 11 March 2025, the UK government announced its decision to abolish the Payment Systems Regulator (PSR) as part of a broader initiative to reduce regulatory burdens and stimulate economic growth.
This action is intended to...more
3/14/2025
/ Bank of England ,
Banking Sector ,
Competition ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
FinTech ,
Payment Systems ,
Popular ,
Regulatory Authority ,
Small Business ,
UK ,
UK Payment Systems Regulator
On 25 February 2025, Sarah Pritchard, executive director of consumers, competition, and international at the UK Financial Conduct Authority (FCA), delivered a speech at the Investment Association Roundtable where she outlined...more
3/3/2025
/ Banking Sector ,
Disclosure Requirements ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Regulatory Reform ,
Hedge Funds ,
Investment ,
Investment Management ,
Market Participants ,
Non-Bank Lenders ,
Private Equity ,
Regulatory Oversight ,
Regulatory Requirements ,
Risk Management ,
UK
In the aftermath of the 2007-09 global financial crisis, the G20 nations committed to reforming bank remuneration frameworks in response to criticism that excessive risk-taking at banks incentivised by poorly structured pay...more
1/23/2025
/ Banking Sector ,
Banks ,
Compensation & Benefits ,
Corporate Governance ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
FSB ,
Prudential Regulation Authority (PRA) ,
Remuneration ,
Risk Management ,
UK
Financial services regulators are intensifying their scrutiny of non-financial misconduct (NFM) within the financial services industry.
Related to this, the insurance marketplace Lloyd’s of London published a...more
In her first comments since the July 2024 UK general election, Economic Secretary to the UK Treasury Tulip Siddiq MP delivered a speech at the Tokenisation Summit on 21 November 2024 that outlined the recently elected UK...more
12/4/2024
/ Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
FinTech ,
Regulatory Agenda ,
Stablecoins ,
UK