On 24 October 2023, the PRA and the FCA issued a joint policy statement (PS) announcing that the bonus cap would be scrapped from 31...
European Financial Institutions
Welcome to our European Financial Institutions Blog
bringing you updates on legal and regulatory developments affecting
financial institutions operating across Europe.
Regulatory dialogue between the EU and the UK is set to resume officially with the adoption by the European Commission of a draft...
This post was prepared with Alice Gordon, Financial Regulation knowledge paralegal. All bets are off for the cryptoasset (‘crypto’)...
Valentine’s Day 2023 saw not only flowers and chocolates, but the much-anticipated publication by the British government of draft...
In September 2022, the UK's central bank, the Bank of England, was forced to intervene in the gilt market to the tune of £19.3 billion...
The PRA's first consultation on its proposed simplified regime for smaller non-systemic banks and building societies (the Small Banks...
Following the UK's Treasury Department response to its final consultation on its review of the UK regulatory framework (the Review), its...
Until not so long ago, lawyers like me would have to trawl the internet for a whispered mention of crypto from a regulator, and it took...
On 29 April 2022, the UK Prudential Regulation Authority (PRA) published its first consultation (CP5/22) on a proposed simpler prudential...
In a well-publicised speech on 26 April 2022, Sam Woods, the CEO of the UK Prudential Regulation Authority, argued for a radical and far...
The start of 2022 marked the official incorporation of climate change into the core supervisory process of the UK Prudential Regulation...
Back in January I wrote about the update which the independent panel reviewing the UK ring-fencing regime (the "Panel") had given about...
The FCA recently held a webinar on Operational Resilience as a ‘checkpoint’ for firms to see how they measure up against FCA...
Last week the panel in charge of leading the review of the UK bank ring-fencing regime (the RFPT Panel) published an update on the...
The new Investment Firm Prudential Regime (IFPR) that applies to MiFID investment firms regulated by the UK Financial Conduct Authority...
As mentioned in our 'UK regulatory reform in 2022 (part 1)' blog, UK regulatory reform pushes on, with its key drivers of bolstering the...