News & Analysis as of

Financial Regulatory Reform HM Treasury Bank of England

Skadden, Arps, Slate, Meagher & Flom LLP

HM Treasury and UK Regulators Announce Wave of Reforms

- What is new: HM Treasury and the UK regulators announced a package of financial services reforms on 15 July 2025, including cross-cutting reforms in the regulatory environment, significant changes to the SMCR regime, a...more

A&O Shearman

HMT sets out approach to updating the UK's regulatory framework for CCPs

A&O Shearman on

HM Treasury has published a policy paper and two related statutory instruments (SI) on its approach to updating the UK's regulatory framework for central counterparties (CCPs). The Financial Services and Markets Act 2023 gave...more

A&O Shearman

PSR annual plan and budget

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The UK Payment Systems Regulator (PSR) has published its annual plan and budget for 2025/26. The foreword by Aidene Walsh, Chair of the PSR, references the government's announcement to incorporate the PSR into the FCA and...more

A&O Shearman

BoE response to discussion paper on reviewing access to RTGS accounts for settlement

A&O Shearman on

On 8 April, the Bank of England (BoE) has published its response to the discussion paper on reviewing access to Real-Time Gross Settlement (RTGS) accounts for settlement. In the discussion paper, initially published on 8...more

BCLP

Recent Updates to the FCA’s and PRA’s “To Do” List - An Action Plan for Growth, Simplification, and Reform

BCLP on

We love a “to do” list! So, following a flurry of announcements from the FCA and publication of the Treasury’s Action Plan aimed at overhauling the current regulatory landscape, what is on the financial regulators’ “to do”...more

Skadden, Arps, Slate, Meagher & Flom LLP

National Payments Vision: A Strategic Blueprint for the Future of UK Payments

On November 14, 2024, the UK government unveiled its National Payments Vision (the Vision), a strategy designed to reshape the UK’s payments ecosystem. This Vision responds to the findings of the 2023 Future of Payments...more

A&O Shearman

UK Regulators Finalize Rules on Critical Third Parties to the UK Financial Sector

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The Prudential Regulation Authority and Financial Conduct Authority have published a joint policy statement on operational resilience for critical third parties (CTPs) in the U.K. financial sector, which includes their final...more

A&O Shearman

UK Central Counterparties (Transitional Provision) (Extension and Amendment) Regulations 2024 Published

A&O Shearman on

The U.K. Central Counterparties (Transitional Provision) (Extension and Amendment) Regulations 2024 (together with explanatory memorandum) have been published. The Regulations come into force on November 29, 2024...more

Hogan Lovells

UK Financial Services Future Regulatory Framework Review: HM Treasury publishes proposals for reform

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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

Hogan Lovells

Financial Services Regulatory Initiatives Forum publishes latest edition of Regulatory Initiatives Grid

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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

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