Regulatory News

This week, the FCA released a statement saying they are fully committed to supporting economic growth in the UK and a thriving financial services sector. The regulator also published speeches on the digital sandbox and why the UK is the place to invest. The House of Lords has also published its Financial Services Regulation committee report.

This week, the FCA announced a new collaboration with NVIDIA that will allow firms to experiment with AI. The regulator is also looking for feedback on proposed AI testing. In other news from the regulator, the FCA are leading an international crackdown on illegal finfluencers.

This week, the FCA have published an updated version of their Enforcement Guide, in addition to announcing the new chair of the Financial Services Consumer Panel. In regards to industry statistics, both the Bank of England and The Money Charity have provided their latest figures.

This week, the Interim Working Group published its final report, which included a summary of the recommendations defined via thousands of pages of research, analysis, consideration and consultation. Elsewhere, the FCA also confirmed plans to streamline their complaints data reporting requirements for firms.

This week, HM Treasury set out the government’s proposal to reform the Consumer Credit Act. They also published its consultation response regarding the regulation of Buy-now Pay-later. The FCA published it Financial Lives 2024 Survey and also reflected on its recent Open Finance Sprint.

This week, the FCA published their quarterly whistleblowing data for 2025 Q1 as well as data on the appointed representatives population and financial services activity. The regulator also announced that David Geale has been appointed Executive Director for Payments and Digital Finance.