Nikhil Rathi, FCA Chief Executive gave a speech at TheCityUK’s annual conference 2025. He said the UK financial services sector has real strengths and huge potential to grow further, but to stay ahead, we need collective confidence and action.

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Source: FCA
Date: 26 June 2025

The FCA is seeking a public conversation on the future of the mortgage market as part of its work to help consumers navigate their financial lives and to support economic growth.

Areas include potential to update responsible lending rules to support wider access to sustainable home ownership and introducing more flexibility to promote consumer understanding, information needs, and innovation.

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Source: FCA
Date: 25 June 2025

The Memorandum of Understanding (MoU) provides an opportunity to strengthen coordination between the Bank of England, FCA, Prudential Regulation Authority (PRA), and Payment Systems Regulator (PSR).

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Source: FCA
Date: 24 June 2025

The Bank of England (BoE) has published its latest Money and Credit statistics for the month of May. The key figures highlight that:

• Net borrowing of mortgage debt by individuals increased by £2.8 billion to £2.1 billion in May, following a large decrease in net borrowing of £13.8 billion to -£0.8 billion in April.
• Net borrowing of consumer credit by individuals was £0.9 billion in May, down from £1.9 billion in the previous month. Within this, net borrowing through credit cards decreased to £0.1 billion in May, from £1.2 billion in April. Net borrowing through other forms of consumer credit decreased slightly to £0.7 billion, from £0.8 billion over the same period.

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Source: Bank of England
Date: 30 June 2025