News & Analysis as of

Risk Management United Kingdom Financial Institutions

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 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

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

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

Hogan Lovells

PEP talk: The UK FCA issues final guidance on the treatment of politically exposed persons

Hogan Lovells on

The Financial Conduct Authority (“the FCA”) has published final guidance on the treatment of politically exposed persons (PEPs) for anti-money laundering purposes, which updates its Guidance issued in 2017 (“the 2017...more

A&O Shearman

Mansion House: PRA consults on adjustments to its Basel 3.1 market risk framework

A&O Shearman on

HM Treasury (HMT) and the UK Prudential Regulation Authority (PRA) have published updates with proposed changes to the expected implementation of Basel 3.1. The changes relate to delaying the implementation of the new...more

A&O Shearman

FSB update on progress under 2021 roadmap on climate-related risks

A&O Shearman on

The Financial Stability Board (FSB) has published its 2025 progress report on the implementation of its 2021 Climate Roadmap. The report provides a factual overview of progress made across four key areas: disclosures, data,...more

A&O Shearman

FSB chair letter on global outlook and priorities

A&O Shearman on

The Financial Stability Board (FSB) has published a letter from Andrew Bailey, Governor of the Bank of England, who was appointed chair of the FSB from 1 July. In the letter, the chair confirms his commitment to the FSB's...more

A&O Shearman

BCBS report on interconnections between banks and NBFIs

A&O Shearman on

The Basel Committee on Banking Supervision (BCBS) has released a horizon-scanning report examining the interconnections between banks and non-bank financial intermediaries (NBFIs)...more

A&O Shearman

PRA to review Loan to Income flow limit rule and offers interim modification by consent

A&O Shearman on

The Prudential Regulation Authority (PRA) has announced it will be reviewing the Loan to Income (LTI) flow limit requirements, following the Financial Policy Committee's (FPC) recommendation, as stated in its July financial...more

A&O Shearman

FSB final report on leverage in NBFI and data challenges work plan

A&O Shearman on

The Financial Stability Board (FSB) has published its final report on leverage in non-bank financial intermediation (NBFI) which highlights the significant role of NBFI leverage in recent financial stress episodes and...more

A&O Shearman

Bank of England's FPC publishes July financial stability report

A&O Shearman on

The Bank of England's Financial Policy Committee (FPC) has published its July financial stability report alongside the record of its 27 June meeting. After assessing the risks to the UK financial system, the FPC reports that...more

A&O Shearman

PRA thematic findings from the 2024 Cyber Stress Test

A&O Shearman on

The Bank of England and the Prudential Regulation Authority (PRA) have released a letter to PRA-regulated firms and relevant financial market infrastructure (FMIs) outlining the thematic findings from the 2024 Cyber Stress...more

Skadden, Arps, Slate, Meagher & Flom LLP

UK’s Proposed New Captive Insurer Regime: Key Developments and Next Steps

What is new: The UK government has proposed a new regulatory framework for captive insurance companies, aiming to simplify regulations and enhance competitiveness in the financial services sector. Why it matters: The...more

A&O Shearman

UK House of Lords committee launches call for evidence on growth of private markets

A&O Shearman on

The House of Lords Financial Services Regulation Committee (the Committee) has launched a call for evidence as part of its inquiry into the growth of private markets in the UK following the regulatory reforms introduced after...more

A&O Shearman

FCA findings on risk and wind-down planning in payment and e-money firms

A&O Shearman on

The UK Financial Conduct Authority (FCA) has published the findings of its multi-firm review into risk management and wind-down planning across e-money and payment firms. While the FCA had observed examples of good practice...more

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

The Capital Buffers and Macro-prudential Measures Regulations 2025

A&O Shearman on

The Capital Buffers and Macro-prudential Measures Regulations 2025 (SI 2025/653) have been laid before the UK parliament and published, together with an explanatory memorandum. The regulations restate relevant provisions of...more

A&O Shearman

FCA consults on proposed prudential regime for cryptoasset firms

A&O Shearman on

The UK Financial Conduct Authority (FCA) has published consultation paper CP25/15 on its proposed prudential regime for cryptoasset firms, also accompanied by an updated webpage. This is intended to be read together with...more

A&O Shearman

PRA Phase 1 of Pillar 2A review

A&O Shearman on

The UK Prudential Regulation Authority (PRA) has published a consultation paper (CP12/25) setting out Phase 1 of its Pillar 2A review. This first phase review seeks to address the consequential impact of the near-final PRA...more

Skadden, Arps, Slate, Meagher & Flom LLP

PRA Announces Updates to Approach of Responsible Openness to International Banks

On 20 May 2025, the UK Prudential Regulation Authority (PRA) published a policy statement (PS6/25) on business conducted within branches of international banks operating in the UK, as well as its booking model expectations...more

A&O Shearman

GHOS Meeting: Basel III implementation and climate-related financial risks

A&O Shearman on

The Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision (BIS), met to discuss the implementation of Basel III and its work on climate-related...more

A&O Shearman

CMORG AI Taskforce releases comprehensive AI Baseline Guidance

A&O Shearman on

The Cross Market Operational Resilience Group's (CMORG) AI Taskforce has released its AI Baseline Guidance Review (dated January 2025), accompanied by a press release. The CMORG AI Taskforce conducted a baseline review of...more

Hogan Lovells

Dear CFO: Liquid Assets? We would like to see receipts. Love, PRA.

Hogan Lovells on

Banks relying on back-leveraged SRT trades in the UK now face increased regulatory scrutiny. The PRA's "Dear CFO" letter warns that not all repo financings collateralised by SRT tranches meet the trading book’s liquidity...more

113 Results
 / 
View per page
Page: of 5

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide