News & Analysis as of

United Kingdom FinTech

Walkers

The case for payment regulations in the Crown Dependencies

Walkers on

Payments was historically a hidden component of financial services only fully understood by specialists. In the last 20 years, however, it has become a strategic differentiator not just between banks but also between...more

A&O Shearman

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

A&O Shearman on

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 Releases New Collections of Joint Statements on Financial Partnerships

A&O Shearman on

HM Treasury (HMT) has published five new webpages, each with a collection of joint statements from key international financial partnerships reflecting their shared commitments and the outcomes they are seeking to achieve....more

A&O Shearman

UK Future Entity for Open Banking to Be Established by End of 2025

A&O Shearman on

The UK Financial Conduct Authority (FCA) has published a feedback statement on the design of the Future Entity for UK open banking (FS25/4). The feedback statement responds to the feedback received to the consultation, which...more

Ropes & Gray LLP

UK Financial Services Reform: Strategic Opportunities for Asset Managers

Ropes & Gray LLP on

The UK government has unveiled a comprehensive package of reforms aimed at recalibrating the regulatory environment, unlocking productive capital, and reinforcing the country’s status as a global financial hub. For asset...more

A&O Shearman

FCA Publishes Changes to the Safeguarding Regime for Payments and E-money Firms

A&O Shearman on

The FCA published a policy statement (PS25/12) setting out changes to the safeguarding regime for payments and e-money firms. The FCA consulted on the proposals in CP24/20 in September 2024. The changes to the rules are in...more

Orrick, Herrington & Sutcliffe LLP

UK Financial Conduct Authority issues feedback on the new standard-setting body for open banking

On August 8, the Financial Conduct Authority (FCA) published feedback on the creation of the primary regulator for open banking, the “Future Entity.” The Future Entity will establish and oversee core standards, including API...more

A&O Shearman

HMT policy statement on the Appointed Representatives Regime: addressing key gaps and proposals for

A&O Shearman on

The appointed representatives regime has been around longer than many of us might realise, having been introduced in 1986, and so predating our beloved Financial Services and Markets Act 2000 (FSMA) by some years. No doubt,...more

Latham & Watkins LLP

The LathamTECH Podcast — Turning a London Eye Toward International Tech Growth

Latham & Watkins LLP on

The US has long been the focal point for tech companies that want to develop next-generation products — and attract the funding and talent needed for global success. Over the years though, London has emerged as another...more

A&O Shearman

UK FCA Handbook 132

A&O Shearman on

The UK Financial Conduct Authority (FCA) has published Handbook Notice 132, outlining legislative and technical updates to the FCA Handbook made by the statutory instruments set out below. - Non-Financial Misconduct...more

A&O Shearman

UK FCA findings on digital design of loan processes in customers' online journeys

A&O Shearman on

The UK Financial Conduct Authority (FCA) has published the findings from its review on digital design in customers' online journeys when accessing consumer credit, with related press release, identifying good practices and...more

Hogan Lovells

Bank of England consults on longer RTGS and CHAPS operating hours

Hogan Lovells on

The Bank of England (the “Bank”) published a consultation paper (“CP”) on 29 July 2025 on proposals to extend Real-Time Gross Settlement (“RTGS”) and CHAPS operating hours. The CP follows the Bank’s 2024 discussion paper on...more

A&O Shearman

UK's BoE Financial Market Infrastructure Committee responds to HMT recommendations

A&O Shearman on

The Bank of England (BoE) has published a letter dated 15 July, responding to the Chancellor of the Exchequer's letter that set out the government's recommendations to the BoE's Financial Market Infrastructure Committee...more

WilmerHale

Navigating the Crypto Compliance Minefield: OFSI 2025 Threat Assessment

WilmerHale on

On 21 July 2025, the UK’s Office of Financial Sanctions Implementation (OFSI) published a sector-specific Cryptoassets Threat Assessment (“the Report”), shedding light on the evolving risks and vulnerabilities in the crypto...more

Hogan Lovells

Consumer Duty: UK FCA publishes findings from review of digital design in customers’ online journeys

Hogan Lovells on

As part of the FCA's ongoing commitment to share more information on how firms are embedding the Consumer Duty, it has recently published the results of its multi-firm review of digital design in customers' online journeys....more

A&O Shearman

HMT publishes latest NRA of money laundering and terrorist financing risks

A&O Shearman on

HM Treasury has published its latest 2025 National Risk Assessment (NRA) of Money Laundering and Terrorist Financing, offering a comprehensive review of the UK's exposure to financial crime. Building on the 2015, 2017, and...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

A&O Shearman

Mansion House: HMT and BoE announce plans for new UK retail payments model under NPV

A&O Shearman on

HM Treasury has published an update on the National Payments Vision (NPV), announcing plans to implement a new collaborative model for delivering the UK's next-generation retail payments infrastructure. The Payments Vision...more

A&O Shearman

Mansion House: HMT consultation on cross-cutting reforms in the UK regulatory environment

A&O Shearman on

HM Treasury (HMT) has published its consultation paper on cross-cutting reforms in the UK regulatory environment in relation to key performance indicators, principles and strategies to be applied by the UK Financial Conduct...more

A&O Shearman

Mansion House: HMT policy paper with update on the digital gilt instrument (DIGIT) pilot

A&O Shearman on

HM Treasury (HMT) has published a policy paper on its update on the digital gilt instrument (DIGIT) pilot. The paper follows the Preliminary Market Engagement Notice (PMEN), which closed in April and which was the first stage...more

A&O Shearman

Mansion House: HMT policy paper on wholesale financial markets digital strategy

A&O Shearman on

HM Treasury has published a policy paper on the wholesale financial markets digital strategy. The purpose of the strategy is to ensure the UK benefits from opportunities to improve its wholesale financial markets, by using...more

Hogan Lovells

The Payments Newsletter including Digital Assets & Blockchain, July 2025

Hogan Lovells on

Key developments of interest over the last month include: the UK government's communications in connection with the Chancellor's annual Mansion House speech, and the launch of its Financial Services Growth and Competitiveness...more

A&O Shearman

Mansion House: Financial Services Growth and Competitiveness Strategy

A&O Shearman on

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

BNPL UK statutory instrument partially in force

A&O Shearman on

The UK statutory instrument (The Financial Services and Markets Act 2000 (Regulated Activities etc.) (Amendment) Order 2025) implementing the necessary legislative changes for progressing buy-now, pay-later (BNPL) regulation...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

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