News & Analysis as of August 25, 2025

Financial Services Industry

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A repository for the most well-read content on JD Supra at any given time, along with occasional roundups of popular content by specific topic. Also stop by for monthly recaps of hot articles for the previous... more +

Daily Financial Regulation Update -- Tuesday, April 15, 2025

Paul Hastings LLP on 4/15/2025

April 11, 2025- The Credit Access and Inclusion Act was introduced to expand credit access for millions of Americans with limited or non-existent credit histories. April 14, 2025- Federal Reserve Board Governor...more

UK Government Abolishes Payment Systems Regulator

Skadden, Arps, Slate, Meagher & Flom LLP on 3/14/2025

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

AI Regulation in 2025 - Has the UK Government’s Wait-and-See Gamble Played Off?

BCLP on 1/31/2025

After a flurry of AI-related papers from the previous UK Conservative government and regulators in 2023 and the first half of 2024 (and the establishment of the UK’s AI Safety Institute and the AI Policy Directorate),...more

Zooming In on AI - #6: AI under financial regulations in the U.S., EU and U.K.

A&O Shearman on 10/8/2024

Many governments are grappling with the question of how to regulate artificial intelligence to ensure it is adopted safely and used responsibly without hampering innovation. Governments have generally indicated similar...more

The UK Introduces a New Reimbursement and Compliance Monitoring Regime for Authorised Push Payment Scams

Alston & Bird on 10/7/2024

Our UK Financial Services Group examine the UK’s new mandatory reimbursement rules that will require payment service providers (PSPs) to reimburse victims of scam transactions....more

Bank of England Seeks Innovation in Money and Payments, With a Focus on Distributed Ledger Technology

Skadden, Arps, Slate, Meagher & Flom LLP on 8/5/2024

On 30 July 2024, the Bank of England published a discussion paper on its approach to innovation in money and payments (the Discussion Paper). A recurring theme is the Bank of England’s focus on the potential use of...more

AI Insights: How Regulators Worldwide Are Addressing the Adoption of AI in Financial Services

Skadden, Arps, Slate, Meagher & Flom LLP on 12/13/2023

Following the declaration of the international artificial intelligence (AI) “Safety Summit” at Bletchley Park (Bletchley Summit) on November 1, 2023, and the White House’s October 30, 2023, Executive Order on AI (Executive...more

Daily Financial Regulation Update -- Wednesday, April 12, 2023

Paul Hastings LLP on 4/12/2023

April 11, 2023- Secretary of the Treasury Janet L. Yellen gave remarks on the global macroeconomy, sovereign debt, Ukraine and multilateral development banks at a press conference as part of the 2023 IMF-World Bank Annual...more

From physical to digital - the advancements of a retail uk central bank digital currency

BCLP on 3/29/2023

On 28 February 2023, the House of Commons Treasury Committee questioned representatives from the Bank of England (the “BoE”) on the latest developments on its plans for the proposed UK Central Bank Digital Currency (“CBDC”)....more

Towards a digital pound? Bank of England and HM Treasury consult on design for UK retail CBDC

Hogan Lovells on 2/9/2023

The Bank of England and HM Treasury are consulting on the model for a UK retail central bank digital currency (CBDC) or ‘digital pound’ that would sit alongside, not replace, cash. On the basis of their work to date, both the...more

UK FCA, PRA and BoE publish discussion paper (DP5/22) on AI and machine learning

Hogan Lovells on 10/20/2022

In the discussion paper, the UK financial supervisory authorities have not provided a new legal framework or their intended future approaches for regulating the use of AI and machine learning in financial services. However,...more

Daily Financial Regulation Update -- Saturday, July 2, 2022

Paul Hastings LLP on 7/5/2022

Major Developments- Justice Department Announces Enforcement Action Charging Six Individuals with Cryptocurrency Fraud Offenses in Cases Involving Over $100 Million in Intended Losses...more

Global Payments Newsletter, September 2021

Hogan Lovells on 9/29/2021

Key developments of interest over the last month include: El Salvador: Bitcoin becomes legal tender European Union: European Commission proposes Path to the Digital Decade to deliver EU's digital transformation by 2030...more

Financial institutions general regulatory news, September 2020

Hogan Lovells on 9/8/2020

SMCR extension: SI extending implementation date made - The Bank of England and Financial Services Act 2016 (Commencement No. 6 and Transitional Provisions) (Amendment) Regulations 2020 (SI 2020/929) have been made....more

Singapore and UK financial watchdogs announce new cooperation efforts to strengthen cybersecurity

White & Case LLP on 7/2/2019

Cyber attacks are a national security concern in the UK. While individuals can be victims of such attacks, private sector institutions are often the direct targets. Cyber attacks can critically damage a commercial reputation...more

Financial Services: UK Regulators Shine a Spotlight on Cybersecurity and Technology Resilience

King & Spalding on 4/4/2019

In a paper published last month,[i] the UK’s Financial Conduct Authority (“FCA”) set out various cybersecurity insights gleaned from the work of cyber coordination groups (“CCGs”) the regulator established in 2017. The...more

UK Financial Conduct Authority—Regulated Firms Can Go to the Cloud

Pillsbury - Global Sourcing Practice on 8/12/2016

July 7, 2016, saw the UK’s Financial Conduct Authority (FCA) publish fresh guidance in order to clarify the requirements which apply to the financial services firms it regulates when outsourcing to the cloud. When the FCA...more

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