Executive Summary Substantive structural developments across multiple jurisdictions characterised the regulatory landscape for the week ending 21 November 2025. In the United Kingdom, the Financial Conduct Authority (FCA) has launched a consultation on the 2026/27 fee structure, while HM Treasury has formally signalled the transition to a T+1 settlement cycle by October 2027. Concurrently, the European Union is advancing a comprehensive reform of the Sustainable Finance Discl

1. Executive Summary: The Quantifiable “Cost of Legitimacy” and Market Consolidation This reporting period introduced several regulatory developments with substantial implications for CASP operational models and capital planning. The common theme is a rise in the measurable “Cost of Legitimacy,” as illustrated by the prudential requirements outlined in the Bank of England’s (BoE) consultation on systemic stablecoins. The proposal for a 40% unremunerated reserve requirement

Executive Summary This week’s regulatory publications indicate several high-priority areas for risk, compliance, and legal functions. The Financial Conduct Authority (FCA) has issued direct warnings on firm conduct, M&A governance, and consumer protection, signalling a clear supervisory and enforcement focus. Key considerations arising this week include: M&A Governance and Integration:  The FCA’s multi-firm review of wealth sector consolidation criticises weak due diligence,

Executive Summary This week’s regulatory landscape was driven by three dominant themes: the deepening focus on Artificial Intelligence...

Executive Summary The UK is shifting towards bilateralism, forming tailored financial agreements with key non-EU partners. The...

Executive Summary This week's regulatory developments emphasise a continued focus on strong governance frameworks, the implementation of...

Executive Summary Recent developments reveal a UK regulatory environment faced with a policy trilemma: balancing a new statutory mandate...

1. Executive Summary On September 2, 2025, HM Treasury published a draft Statutory Instrument (SI) proposing key amendments to the UK's...

Executive Summary The FCA has published a new IFPR Newsletter. Key points include the mandatory and immediate notification of changes to...

1. Executive Summary August 2025 was characterised by a palpable shift in the regulatory landscape for digital operational resilience,...

1.0 Executive Summary The FMLC, while supporting the initiative to regulate cryptoassets, identifies material legal uncertainties and...

Executive Summary This week's principal developments include a strategic rationalisatio n of the FCA's supervisory communication...

Recent policy amendments by the United Kingdom's Financial Conduct Authority (FCA) and the United States' Securities and Exchange...

Executive Summary This week's key regulatory developments demand immediate attention from risk and compliance functions, with significant...

1.0 Executive Summary On 1 August 2025, the UK's Financial Conduct Authority (FCA) announced a significant policy reversal, permitting...

Introduction This week saw significant regulatory activity from UK and EU authorities, with a strong focus on consumer redress, wholesale...

Executive Summary The week ending 1 August 2025 saw significant regulatory activity across the UK and the European Union, spanning...

1. Executive Summary This week saw significant regulatory movements with immediate and future compliance implications for financial...

Executive Summary This week's global regulatory developments signal a significant push across three core areas: operationalising...

Executive Summary This report analyses the Financial Conduct Authority's (FCA) Consultation Paper CP25/18, which finalises rules and...