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Prudential Regulation Authority (PRA) Bank of England

A&O Shearman

BoE Proceeds With Partial Revocation Of UK Technical Standard On Resolution Reporting

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The Bank of England (BoE) has published a policy statement on the partial revocation of the UK technical standard (UKTS) 2018/1624 on resolution reporting, specifically relating to COREP13 templates. Following the September...more

A&O Shearman

BoE Dear CFO Letter On Preparation For The Third Resolvability Assessment

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The Bank of England (BoE) has issued a Dear CFO Letter setting out information on the third resolvability assessment framework (RAF) assessment. The assessment will evaluate firms' overall ability to meet the three...more

A&O Shearman

UK Regulators Publish Joint 2025 CBEST Thematic Report

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The Bank of England, UK Prudential Regulation Authority and UK Financial Conduct Authority have published their 2025 annual CBEST thematic report. CBEST is a threat-led penetration testing assessment framework of cyber...more

A&O Shearman

Evolution Of The BoE's Approach To Resolution

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The Bank of England (BoE) has published a speech by Dave Ramsden, deputy governor, markets and banking, on the evolution of the BoE's approach to resolution. The speech discusses the balance to be struck in optimising ex ante...more

Cadwalader, Wickersham & Taft LLP

Innovation Within Limits January 15, 2026 - The UK’s House of Lords Reports on Concerns About Private Market Exposures

On 9 January the Financial Services Regulation Committee of the UK Parliament’s House of Lords published its report on “Private markets: Unknown unknowns” (the Report)....more

Katten Muchin Rosenman LLP

ESAs and UK Regulators Sign Memorandum of Understanding on Cross Border Oversight of Critical ICT Providers under DORA

The European Supervisory Authorities (ESAs) and the UK’s Bank of England, Prudential Regulation Authority and Financial Conduct Authority (together, the UK Regulators) have signed a Memorandum of Understanding (MoU) to...more

A&O Shearman

ESAs And UK Regulators Sign MoU On Oversight Of Critical ICT Third-Party Service Providers Under DORA

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The European Supervisory Authorities (comprising the European Securities and Markets Authority, the European Insurance and Occupational Pensions Authority and the European Banking Authority) have entered into a Memorandum of...more

A&O Shearman

UK ring-fencing reform: Why the ring-fence should be recalibrated, and how

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Ring-fencing was a key component of the UK’s response to the financial crisis of 2008–2009. As has been widely acknowledged, subsequent regulatory reforms in banking regulation (in particular, those relating to capital,...more

A&O Shearman

UK FSMA 2023 (Prudential Regulation of Credit Institutions) (Consequential Amendments) Regulations 2025 published

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The Financial Services and Markets Act 2023 (Prudential Regulation of Credit Institutions) (Consequential Amendments) Regulations 2025 have been published, accompanied by an explanatory memorandum. This follows the draft...more

A&O Shearman

UK Regulatory Initiatives Grid – Ninth Edition Published

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The Financial Services Regulatory Initiatives Forum has published the ninth edition of the Regulatory Initiatives Grid. This sets out the regulatory pipeline for the next two years, outlining 124 live initiatives which is a...more

A&O Shearman

BoE Publishes 2025 CCP Stress Test Results

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The Bank of England (BoE) has published its report on the results of its stress test of central counterparties (CCPs). The BoE conducts regular stress tests of UK CCPs to assess their financial resilience and identify...more

A&O Shearman

UK FPC Assessment Of Bank Capital Requirements

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The Bank of England's (BoE) Financial Policy Committee (FPC) has published a Financial Stability in Focus report, revisiting its assessment of bank capital requirements. The FPC now judges that the appropriate benchmark for...more

Mayer Brown

Proposed Rules from the Bank of England to Regulate Systemic Stablecoins

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This update explains the Bank of England’s (the "BoE") proposed regime for regulating sterling‑denominated systemic stablecoin issuers and payment system operators (and other service providers recognised as systemic in the...more

Morrison & Foerster LLP

UK Proposes Regulating Systemic Stablecoins

On November 10, 2025, the BOE released the Proposal, setting out proposed rules for sterling-denominated systemic stablecoins issued by non-banks for use in UK payments. The BOE is seeking public feedback, and comments are...more

A&O Shearman

Financial Services (Overseas Recognition Regime Designations) Regulations 2025 published

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The Financial Services (Overseas Recognition Regime Designations) Regulations 2025 (the ORR Regulations) have been laid before Parliament, accompanied by an explanatory memorandum. A draft was laid before Parliament in July....more

A&O Shearman

UK legislation to implement Berne Financial Services Agreement published

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The Financial Services and Markets Act 2023 (Mutual Recognition Agreement) (Switzerland) Regulations 2025 have been published, accompanied by an explanatory memorandum. The Regulations will make changes to UK legislation to...more

White & Case LLP

Bank of England consults on regulating systemic stablecoins

White & Case LLP on

On 10 November 2025, the Bank of England (BoE) published a consultation paper on its proposed regulatory regime for sterling-denominated systemic stablecoins. Introduction - The BoE published on 10 November 2025 a...more

A&O Shearman

UK PRA near-final rules on a simplified capital regime for SDDTs

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The UK Prudential Regulation Authority (PRA) has published near-final policy statement PS20/25, marking the second and final phase of its "strong and simple" framework. This introduces a simplified capital regime for smaller,...more

A&O Shearman

UK Regulators Publish Effective Practices on Cyber Response and Recovery Capabilities

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The Bank of England, UK Financial Conduct Authority (FCA) and UK Prudential Regulation Authority (PRA) have published a joint document outlining effective practices in cyber response and recovery capabilities across systemic...more

A&O Shearman

BoE Consultation on FMI Supervision Fees 2025/26

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The Bank of England (BoE) has published a consultation paper on its fees regime for financial market infrastructure (FMI) supervision for 2025/26....more

A&O Shearman

Swiss and UK Authorities Sign MoU Under the Berne Financial Services Agreement

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The Swiss Financial Market Supervisory Authority, the UK Financial Conduct Authority (FCA), and the Bank of England (including the UK Prudential Regulation Authority) have entered into a Memorandum of Understanding (MoU)...more

A&O Shearman

BoE Consults on Partial Revocation of UK Technical Standards on Resolution Reporting

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The Bank of England (BoE) has published a consultation paper proposing the partial revocation of the UK Technical Standard (UKTS) 2018/1624 on resolution reporting, specifically relating to COREP13 templates. The proposal...more

A&O Shearman

UK Regulations Made to Extend Transitional Regimes for Overseas CCPs

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The Central Counterparties (Transitional Provision) (Extension and Amendment) Regulations 2025 have been made and published alongside an explanatory memorandum. The Regulations extend key transitional provisions for the...more

A&O Shearman

HMT Publishes Revised MoU on Financial Crisis Management

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HM Treasury (HMT) has published a revised Memorandum of Understanding (MoU) with the Bank of England (BoE) and UK Prudential Regulation Authority (PRA) on financial crisis management, replacing the previous version from...more

A&O Shearman

UK FPC finalises O-SII buffer framework review

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The Bank of England (BoE) has published the Financial Policy Committee's (FPC) final response to the 2024 review of the Other Systemically Important Institutions (O-SII) buffer framework. This follows the March consultation,...more

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