Popular, HM Treasury

Further Reform for UK Private Fund Managers: The Government’s Road Map for Growth in Financial Services

Goodwin on 7/23/2025

On 15 July 2025, Chancellor of the Exchequer Rachel Reeves delivered her Mansion House 2025 speech unveiling the Leeds Reforms, a programme for financial services reforms to drive investment and growth in the sector....more

From Crackdown to Calibration: The UK’s Evolving Carried Interest Regime

Akin Gump Strauss Hauer & Feld LLP on 6/9/2025

In November, we covered the UK government’s proposal to overhaul the tax treatment of carried interest in the United Kingdom—an effort to close perceived loopholes by shifting carried interest fully into the income tax...more

UK consumer credit reform and buy-now pay-later regulation – May 2025 developments

Hogan Lovells on 5/20/2025

On 19 May 2025, HM Treasury released a suite of publications as part of its ongoing efforts to modernise the UK’s consumer credit framework. These include the Consumer Credit Act Reform – Phase 1: May 2025 Consultation, the...more

The UK's carbon border adjustment mechanism continues to take shape

A&O Shearman on 5/8/2025

Ahead of the commencement of the UK Carbon Border Adjustment Mechanism (CBAM), key building blocks for its regulatory framework are moving into place. Following consultations in 2023 and 2024, draft legislation and a policy...more

Weekly Blockchain Blog - May 2025

BakerHostetler on 5/5/2025

U.S. Companies Continue Stablecoin Payment Integrations, Product Launches - According to a recent press release, a major multinational payment card services company has announced several new programs to support global...more

The Payments Newsletter including Digital Assets & Blockchain, March 2025

Hogan Lovells on 3/25/2025

Key developments of interest over the last month include: the UK government publishing a pro-growth Action Plan for regulators and regulation, including pledges from the FCA of relevance to payments and digital assets firms;...more

UK/EU/International ESG Regulation Monthly Round-Up – November 2024

Hogan Lovells on 12/9/2024

In November, we got a tantalizing glimpse into what the future looks like for sustainable finance in the UK in the annual Mansion House speech. We highlight some of the key ESG regulatory announcements below. November also...more

The Payments Newsletter including Digital Assets and Blockchain, November 2024

Hogan Lovells on 11/27/2024

Key developments of interest over the last month include: the UK Chancellor of the Exchequer makes her first Mansion House speech and HM Treasury publishes the National Payments Vision, indicating a focus on economic growth...more

UK Proposes New Approach To Regulate ‘Buy Now, Pay Later’ Market Amid Rising Consumer Debt Concerns

Skadden, Arps, Slate, Meagher & Flom LLP on 11/5/2024

In the UK, 14 million people used “buy now, pay later” (BNPL) at least once in the six months leading up to January 2023. Frequent users were more than four times as likely as other consumers to have missed a payment on a...more

UK retail banking and payments: Regulatory return to the office - recent developments to be aware of

Hogan Lovells on 10/4/2024

After a relatively quiet period over the summer due to the general election, the post-holiday period has been a busy one on the retail banking, consumer finance and payments regulatory front. There have also been some FCA...more

The Payments Newsletter including Digital Assets & Blockchain, June 2024

Hogan Lovells on 6/20/2024

Key developments of interest over the last month include: the European Banking Authority’s publication of a report on virtual IBANs; HM Treasury’s designation of banks under the access to cash framework; and a Central Bank of...more

The Payments Newsletter including Digital Assets & Blockchain, February 2024

Hogan Lovells on 3/7/2024

Key developments of interest over the last month include: the European Parliament’s ECON Committee adopting draft reports on the European Commission’s PSR and PSD3 legislative proposals; ESMA consulting on 'reverse...more

UK/EU ESG Regulation Monthly Round-Up – March-June 2023

Hogan Lovells on 7/10/2023

As we reach the midway point of 2023, the Hogan Lovells Sustainable Finance and Investment practice thought it would be useful to provide a review of recent key ESG developments from March-June 2023 to assist with navigating...more

JROC Publishes Report on Future of Open Banking in the UK

Wilson Sonsini Goodrich & Rosati on 5/1/2023

The UK is widely regarded as a global leader in Open Banking, and regulators and industry participants believe there is strong potential to build on that success. Regulatory efforts on that front are led by Joint Regulatory...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

Global Payments Newsletter, January 2023

Hogan Lovells on 1/23/2023

Key developments of interest over the last month include: the UK Treasury publishing a review and call for evidence on the Payment Services Regulations 2017 and a post-implementation review of the Payment Card Interchange Fee...more

Global Payments Newsletter, April 2022

Hogan Lovells on 4/28/2022

Key developments of interest over the last month include: HM Treasury announces package of crypto measures including next steps on UK regulatory approach to cryptoassets, stablecoins and DLT in financial markets; Philippines...more

New Crypto Payment Initiatives; Regulators Address Crypto in Speeches; Lawmakers Propose Legislation; OFAC Sanctions Crypto...

BakerHostetler on 4/11/2022

Crypto Payment Initiatives Announced in Stablecoins, Lightning Network, Mining - Late last week, the issuer of USD Coin (USDC) announced that it had selected a major U.S. bank as a primary custodian for USDC reserves....more

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