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Final Rules Prudential Regulation Authority (PRA) Financial Institutions

Cadwalader, Wickersham & Taft LLP

Heating Up, June 2025 - The UK’s Banking Regulator Sets Out Its Expectations When Supervising Non-UK Branches

The UK’s Prudential Regulation Authority (“PRA”) has published its final rules and policies in relation to its approach to supervising branches and subsidiaries of international banks headquartered, or part of a group based,...more

A&O Shearman

PRA policy statement on identification and management of step-in risk

A&O Shearman on

The UK Prudential Regulation Authority (PRA) has published a policy statement on the identification and management of step-in risk (PS5/25). The policy statement provides feedback on responses to consultation paper (CP) 23/23...more

Morgan Lewis - Tech & Sourcing

UK Critical Third Parties Regime: Final Rules Published

UK financial regulators recently published their supervisory expectations for critical third party service providers (CTPs) to the financial sector under the United Kingdom’s new regime extending regulatory oversight to CTPs....more

BCLP

Managing Technology Supply Chains: What the Advent of the UK’s Critical Third Party Regime Means for Financial Services Firms and...

BCLP on

The FCA, PRA, and Bank of England have published their finalised critical third party (CTP) rules (and accompanying guidance) in PS24/16 Operational resilience: Critical third parties to the UK financial sector....more

Latham & Watkins LLP

UK Regulators Publish Final Rules for Critical Third Parties

Latham & Watkins LLP on

The new regime will take effect on 1 January 2025, but will not diminish the responsibilities of financial services firms relying on the services of critical third parties....more

Cadwalader, Wickersham & Taft LLP

UK Financial Conduct Authority Issues Final Rules Concerning Whistleblowers

On October 6, 2015, the UK Financial Conduct Authority (“FCA”) issued final rules formalizing whistleblower procedures to be implemented by certain banks, building societies, credit unions, investment firms, and insurance and...more

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