News & Analysis as of

Risk Management United Kingdom

Katten Muchin Rosenman LLP

Bank of England Consults on Regulatory Framework for CCPs

The Bank of England (BoE) has published a consultation (Consultation) on the UK's future regulatory framework for central counterparties (CCPs). This initiative forms part of the UK's post-Brexit financial regulatory reform,...more

Ius Laboris

Balancing Risk and Reality: Using AI at Work

Ius Laboris on

AI in the workplace can no longer be seen as a problem for tomorrow - it is firmly an issue for today. In this article, we explore how employers can balance the risks and realities of AI at work through good governance,...more

A&O Shearman

UK PRA extends adjustments to Basel 3.1 market risk framework consultation

A&O Shearman on

The UK Prudential Regulation Authority (PRA) has announced, as part of its Regulatory Digest for July, an extension to the consultation period for CP17/25 which sets out proposed adjustments to the market risk framework under...more

Skadden, Arps, Slate, Meagher & Flom LLP

PRA Announces Reform to the UK Insurance Special Purpose Vehicles Regulatory Framework

- What is new: The PRA has published a policy statement finalising reforms to the UK insurance special purpose vehicles regulatory framework, including changes to funding, grace periods, authorisation and contract...more

A&O Shearman

PEP talk revisited: revised UK guidance on treatment of PEPs

A&O Shearman on

The UK Financial Conduct Authority (FCA) has issued finalised guidance on the treatment of politically exposed persons (PEPs) for anti-money laundering purposes. There is no significant shift in the FCA’s expectations of...more

A&O Shearman

UK PRA publishes discussion paper on proposed reforms to IRB approach for residential mortgages

A&O Shearman on

The UK Prudential Regulation Authority (PRA) has published discussion paper DP1/25 inviting views on potential reforms to the internal ratings based (IRB) approach to credit risk for residential mortgage exposures. The PRA...more

A&O Shearman

UK PRA extends Phase 1 Pillar 2A review consultation and defers implementation of certain risk areas

A&O Shearman on

The UK Prudential Regulation Authority (PRA) has announced an extension to the consultation period for CP12/25 which sets out Phase 1 of its Pillar 2A review. The consultation was originally published on 22 May. In response...more

Ropes & Gray LLP

UK and EU Money Laundering Risk Assessments 2025: Key Findings for Asset Managers

Ropes & Gray LLP on

In July 2025 HM Treasury and the Home Office issued the UK National Risk Assessment of Money Laundering and Terrorist Financing 2025 ('NRA 2025'), while the European Banking Authority (EBA) published its fifth Opinion on...more

Hogan Lovells

Response to ICO call for views on international data transfers guidance

Hogan Lovells on

We welcome and are grateful for the opportunity to contribute to this call for views on the Information Commissioner's Office (ICO) international data transfers guidance and more generally, on the most beneficial regulatory...more

A&O Shearman

UK FCA findings on multi-firm review of data quality control frameworks in benchmarks sector

A&O Shearman on

The UK Financial Conduct Authority (FCA) has published a new webpage summarising the findings of its multi-firm review into how benchmark administrators (BMA) manage data-related risks. While the FCA found some firms to...more

A&O Shearman

FMSB consults on statement of good practice on unauthorised trading frameworks

A&O Shearman on

The Financial Markets Standards Board (FMSB) has published a transparency draft of its Statement of Good Practice (SoGP) on Unauthorised Trading Frameworks for consultation. This draft, which builds on FMSB's prior work on...more

Thomas Fox - Compliance Evangelist

Data Driven Compliance: Understanding the ECCTA and Its Impact with Jonathan Armstrong

Welcome to Season 2 of the award-winning Data Driven Compliance. In this new season, we will look at the new Failure to Prevent Fraud offense. Join host Tom Fox as we explore this new law and how to comply with it through the...more

A&O Shearman

Wolfsberg Group issues statement on the RBA for financial crime risk management

A&O Shearman on

The Wolfsberg Group (the Group) has released a statement reaffirming its commitment to the risk-based approach (RBA) for financial crime risk management. Further to its 2006 RBA guidance, and in line with the Financial Action...more

Vinson & Elkins LLP

Practice Leader Insights From V&E's Ben Higson

Vinson & Elkins LLP on

In this Law360 U.K. Expert Analysis series, practice group leaders share thoughts on keeping the pulse on legal trends, tackling difficult cases and what it takes to make a mark in their area. In this installment, Ben Higson,...more

A&O Shearman

HM Treasury's OFSI warns of crypto sanctions risks in new threat assessment report

A&O Shearman on

The UK Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, has published a sector-specific threat assessment report highlighting significant compliance risks facing UK cryptoasset firms in relation to...more

A&O Shearman

BoE publishes fundamental rules for FMIs

A&O Shearman on

Following its November 2024 consultation, the Bank of England (BoE) has published final fundamental rules for financial market infrastructure firms (FMIs), a supervisory statement setting out how the BoE expects FMI to comply...more

Conyers

Sanctions, Superyachts and the Separation of Powers: The Shvidler Appeal and Its Implications for the Cayman Islands

Conyers on

Earlier this week, the UK’s highest court delivered a landmark decision in the combined appeals of Shvidler v Secretary of State for Foreign, Commonwealth and Development Affairs and Dalston Projects Ltd & Ors v Secretary of...more

A&O Shearman

BoE consults on future regulatory framework for CCPs

A&O Shearman on

The Bank of England (BoE) has published a consultation paper titled "Ensuring the resilience of CCPs" as part of a broader package of reforms aimed at strengthening the UK's regulatory framework for central counterparties...more

Hogan Lovells

Key takeaways – UK MHRA’s response to consultation on ‘Medical Devices Regulations: Routes to market and in vitro diagnostic...

Hogan Lovells on

The UK Medicines and Healthcare products Regulatory Agency (MHRA) has published its responses to the consultation on Medical Device Regulations: Routes to market and in vitro diagnostic devices carried out last year....more

White & Case LLP

UK Online Safety Act: Protection of Children Codes come into force

White & Case LLP on

On 25 July 2025, having successfully passed through the required Parliamentary approval process, the first Protection of Children Codes of Practice for user-to-user and search services (the "Children's Safety COPs") came into...more

Thomas Fox - Compliance Evangelist

Compliance Tip of the Day: M&A – International Issues

Welcome to “Compliance Tip of the Day,” the podcast where we bring you daily insights and practical advice on navigating the ever-evolving landscape of compliance and regulatory requirements. Whether you’re a seasoned...more

K&L Gates LLP

UK Office for Financial Sanctions Implementation Crypto-Assets Threat Assessment (July 2025): Key Lessons for Sanctions Compliance

K&L Gates LLP on

On 21 July 2025, the UK Office for Financial Sanctions Implementation (OFSI) published its latest sector-specific threat assessment focusing on UK crypto-asset firms’ exposure to financial sanctions breaches, covering...more

Thomas Fox - Compliance Evangelist

Data Driven Compliance: Understanding the ECCTA and Its Impact on Fraud Prevention with Vince Walden

Welcome to Season 2 of the award-winning Data Driven Compliance. In this new season, we will look at the new Failure to Prevent Fraud offense. Join host Tom Fox as we explore this new law and how to comply with it through the...more

Vedder Price

UK Court Judgment Highlights Febrile Geopolitical Climate for Aviation

Vedder Price on

A recent UK High Court judgment has delivered a landmark decision for the aviation and insurance sectors as it ruled in favour of Western lessors seeking multi-billion dollar insurance payouts for aircraft stranded in Russia....more

Katten Muchin Rosenman LLP

UK Financial Insights from Katten | Issue 24

UK Financial Insights from Katten is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds in the UK and Europe....more

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