Regulatory News

This week, the FCA published its consultation on an industry wide redress scheme to compensate motor finance customers. The regulator has also commissioned research on the current state of open banking services, to shape the UK’s open finance strategy.

This week, the FCA The set out its Consumer Duty priorities for 2025/26 and delivered a speech on Consumer Duty and good outcomes. The Bank of England published it August statistics. The Money Charity published its September figures and the FOS published it latest edition of Ombudsman News.

This week saw the publication of three different speeches from the Financial Conduct Authority.

This week, the FCA launched a £1 million awareness campaign relating to the motor finance compensation scheme. The regulator also delivered a speech at the 1LoD Financial Crime Summit. The FCA also shared examples of good practice and areas for improvement in relation to authorisation and registration applications. 

This week, HM Treasury set out the government’s overall policy approach for regulation of Appointed Representatives carrying on regulated financial services activity in the UK. The FCA also warned consumers about car finance scams that are currently active.

This week, the FCA confirmed that they will consult on a motor finance compensation scheme. In a blog post, the FCA also made proposals around AI live testing. The Financial Ombudsman Service (FOS) announced its interim chair.

This week, the FCA confirmed that they are launching a market study in Premium Finance due to concerns over fair value. The Bank of England and The Money Charity also both published their monthly statistics.

This week, there is an end of term feel to this week’s roundup and news and publications. We have seen a flurry a consultations and guidance released from the Treasury, FCA and Ombudsman ahead of the summer break.

This week, we have seen a flurry of corporate publications from the FCA that will be of interest to members. These cover several areas, including AI and innovation, growth, and enforcement.

This week, the FCA published its final guidance on the treatment of politically exposed persons. The regulator also clarified expectations on bullying, harassment and violence in financial firms. The FOS published its annual complaints data, which detailed a significant rise across most of the main product complaint areas.

This week, the FCA published a speech by Chief Executive Nikhil Rathi. The speech focussed on the strengths of the sector and discussed the collective action required in order to stay ahead. The Bank of England also released its Money and Credit statistics for May 2025.

This week, the FCA celebrated the winners of its inaugural economic research competition. The Money Charity also published its Money Statistics for June 2025.