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United Kingdom Financial Services Industry Innovation

A&O Shearman

UK FCA Releases Report on Using Synthetic Data for Models in Financial Services

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The UK Financial Conduct Authority (FCA) has released the second report on generating and using synthetic data in financial services, offering comprehensive insights into the governance, ethical, and regulatory considerations...more

A&O Shearman

HMT publishes recommendations for Financial Market Infrastructure Committee

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HM Treasury has published a letter, dated 1 July, from the Chancellor of the Exchequer to the governor of the Bank of England (BoE) setting out the government's recommendations to the BoE's Financial Market Infrastructure...more

A&O Shearman

Mansion House: Financial Services Growth and Competitiveness Strategy

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The UK government has published its Financial Services Growth and Competitiveness Strategy, a ten-year plan to drive growth and competitiveness in the UK financial services sector. The strategy follows a call for evidence...more

A&O Shearman

FCA summary of AI Sprint

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The UK Financial Conduct Authority (FCA) has published a summary of its AI Sprint, a two-day event that was hosted in January which discussed the opportunities and challenges of AI in financial services. 115 participants took...more

A&O Shearman

Global Financial Innovation Network report on use of consumer-facing AI in global financial services

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The Global Financial Innovation Network has published a report summarizing discussions led by the U.K. Financial Conduct Authority and the Dubai Financial Services Authority on the use of consumer-facing AI in global...more

Hogan Lovells

The digitalisation of UK capital markets: Digitalised financial market infrastructure and tokenised bonds

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Digitalisation and the application of key technologies, such as distributed ledger technology (DLT), are reshaping the landscape of global finance. In this report, TheCityUK has collaborated with Hogan Lovells to consider the...more

A&O Shearman

UK Law Commission Announces Projects on Accommodating Smart Contracts and Digital Assets into English Law

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The U.K. Law Commission has announced two new projects designed to ensure that English law is able to accommodate smart contracts and digital assets....more

Hogan Lovells

Financial institutions general regulatory news, September 2020

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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

White & Case LLP

Financial Regulatory Observer – June 2019: New UK peer-to-peer lending rules catch up with innovation

White & Case LLP on

Within a decade, the UK's peer-to-peer (P2P) financial services sector has moved from an offbeat outsider to an increasingly significant and permanent player in loan and equity markets. Total lending facilitated by UK P2P...more

A&O Shearman

UK Government Consults on Draft Innovation Plan for Financial Services

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The UK Government launched a consultation on a draft innovation plan for financial services. The innovation plan covers the work of each of the financial services regulators – the Financial Conduct Authority, the Payment...more

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