On 3 December 2025, the UK Prudential Regulation Authority (“PRA”) published its (i) Policy Statement (PS25/25) entitled Enhancing banks' and insurers' approaches to managing climate-related risks – Update to SS3/19 (“PS”)...more
1/9/2026
/ Banks ,
Climate Change ,
Environmental Social & Governance (ESG) ,
Financial Services Industry ,
Insurance Regulations ,
Popular ,
Prudential Regulation Authority (PRA) ,
Regulatory Oversight ,
Regulatory Requirements ,
Risk Management ,
Supervisory Guidance ,
Sustainable Finance ,
UK
On 17 June 2025, the European Commission (Commission) published a package of proposals for the reform of the European Securitisation Framework (EU Securitisation Reform Proposals). The EU Securitisation Reform Proposals...more
12/26/2025
/ Capital Markets ,
Capital Requirements Regulation (CRR) ,
ECON ,
EU ,
European Central Bank ,
European Commission ,
Financial Services Industry ,
Regulatory Reform ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Management ,
Securities Regulation ,
Securitization
Securitisation reform is on the horizon in the EU. A substantial package of measures could unlock the market’s full potential, but it also risks introducing new burdens; we hope that legislators will ensure that existing...more
12/26/2025
/ Capital Markets ,
Capital Requirements Regulation (CRR) ,
Due Diligence ,
EU ,
European Central Bank ,
European Commission ,
Financial Regulatory Reform ,
Popular ,
Regulatory Reform ,
Risk Retention ,
Securities Regulation ,
Securitization Market
In early 2025, in partnership with Hogan Lovells, we published a landmark report on the digitalisation of UK capital markets. Embracing digitalisation, particularly through distributed ledger technology (DLT), is key to...more
12/18/2025
/ Capital Markets ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Digital Securities ,
Distributed Ledger Technology (DLT) ,
Financial Markets ,
Financial Services Industry ,
FinTech ,
Regulatory Reform ,
Stablecoins ,
Tokenization ,
UK
On 20th November 2025 we were delighted to host banks, payments firms, FinTechs, legislators, regulators, and policymakers at our London office for the Hogan Lovells Payments Conference 2025. At the event we explored key...more
12/5/2025
/ Anti-Money Laundering ,
Artificial Intelligence ,
Buy Now Pay Later (BNPL) ,
Cryptocurrency ,
Cybersecurity ,
Digital Assets ,
Financial Services Industry ,
FinTech ,
Payment Systems ,
Regulatory Oversight ,
Stablecoins
The Bank of England has published a consultation on a proposed regulatory regime for sterling-denominated systemic stablecoins, designed to maintain public trust in money as the pace of payments innovation accelerates....more
11/12/2025
/ Bank of England ,
Consultation Papers ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Financial Conduct Authority (FCA) ,
FinTech ,
HM Treasury ,
Payment Systems ,
Regulatory Oversight ,
Regulatory Requirements ,
Stablecoins
The European Banking Authority (EBA) has published a Report on the direct provision of banking services from third countries under the new Capital Requirements Directive (CRD6). Its conclusions are that proposed exemption...more
The UK government’s latest communications on 15 July 2025 in connection with the Chancellor’s annual Mansion House speech, and the launch of its Financial Services Growth and Competitiveness Strategy, signals the government’s...more
The Chancellor of the Exchequer has delivered her second Mansion House speech and announced the “Leeds Reforms” in conjunction with publication of the awaited Financial Services Growth and Competitiveness Strategy and related...more
There are over 80 million people with disabilities in the EU. The European Accessibility Act 2019 (EAA) (Directive (EU) 2019/882) implements the UN Convention on the Rights of Persons with Disabilities (UNCRPD) and aims at...more
The Single Rulebook is intended to be a single source of AML/CTF regulation that will be applied uniformly in all member states across the EU. This will be achieved primarily through the new AML Regulation, which will be...more
4/15/2025
/ AML/CFT ,
Anti-Money Laundering ,
Beneficial Owner ,
Cryptocurrency ,
EU ,
Financial Crimes ,
Financial Institutions ,
Money Laundering ,
New Regulations ,
Popular ,
Regulatory Reform
The CBI’s Consumer Protection Code was first introduced in 2006 and has been heavily amended in the intervening years. The Code is designed to ensure that financial service providers operate in a manner that is fair,...more
On 14 January 2025, the Bank of England ("BoE") published a design note outlining its current thinking relating to the design of a digital pound (the "Design Note") and a progress update summarising the BoE’s work on...more
Digitalisation and the application of key technologies, such as distributed ledger technology (DLT), are reshaping the landscape of global finance. In this report, TheCityUK has collaborated with Hogan Lovells to consider the...more
1/23/2025
/ Blockchain ,
Capital Markets ,
Digital Assets ,
Distributed Ledger Technology (DLT) ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Financial Services Industry ,
FinTech ,
HM Treasury ,
Innovation ,
Regulatory Reform ,
UK
There are over 80 million people with disabilities in the EU. The European Accessibility Act 2019 (EAA) implements the UN Convention on the Rights of Persons with disabilities (UNCRPD) and aims at providing greater...more
In November 2024, the Bank of England published an Approach Document setting out its approach to the supervision of financial market infrastructures (“FMIs”) – specifically of central counterparties (“CCPs”), central...more
The Bank of England (the “Bank”) has published a Consultation Paper proposing a set of Fundamental Rules for UK financial market infrastructures (“FMIs”) – such as central counterparties and central securities depositories. ...more
On 14 November 2024, the Chancellor, Rachel Reeves, set out a number of significant developments in connection with sustainable finance in her Mansion House speech and in related publications. We saw the long awaited...more
This articles provides some insights on the direction of travel in the UK in relation to distributed ledger technology (DLT) and digital assets, in light of recent legislative and policy developments that signal the UK’s...more
On 26 November 2024, the FCA published a number of communications relating to its approach to developing the future cryptoassets regime for the UK, including a roadmap for the development and introduction of the UK’s...more
This articles provides some insights on the direction of travel in the UK in relation to distributed ledger technology (DLT) and digital assets, in light of recent legislative and policy developments that signal the UK’s...more
As the EU Corporate Sustainability Due Diligence Directive (CS3D), recently approved by the Council of the European Union, has just been published in the Official Journal of the European Union, it has been suggested by some...more
On 27 June, our cross border team held a dynamic discussion on CRD 6: Third Country Branches covering an overview of the key changes introduced by the directive.
We discussed the impact of the new authorisation requirements...more