UK Regulation
Regional regulation has global consequences ― Stay abreast of the latest UK regional compliance and regulation news.
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UK Regulation
FCA: UK needs ‘proportionateʼ buy now, pay later legislation
The UK needs a “proportionate” approach to buy now, pay later (BNPL) legislation, according to Nikhil Rathi, chief executive at...
Regulatory Oversight
FCA chief pushes back on ‘vocalʼ industry critics of ombudsman decisions
Nikhil Rathi, chief executive of the UK Financial Conduct Authority (FCA), reminded firms that complain to lawmakers about decisions by...
Regulatory Reform
PRA leverage ratio proposals risk harming government plan to double mutual sector
UK Prudential Regulation Authority (PRA) proposals to amend its “backstop” leverage ratio fail to fully consider building societiesʼ distinct business...
Cryptocurrency Regulation
FCA seeks ‘balancedʼ approach to stablecoins, relaxes reserve requirements
The UK Financial Conduct Authority (FCA) is seeking a “balanced” approach to crypto-asset prudential risks, and is proposing looser reserve...
UK Regulation
Social media giants should share burden of fraud losses, say bank chiefs
The heads of the UK’s largest banks want social media and tech giants to be held accountable for losses stemming...
Retail
UK government told reducing cash ISA limit may not shift savings to investment
Chief executives at some of the UK’s leading banks and building societies cautioned the government last week that reducing the...
Regulatory Reform
Tweaks to rules for mutuals, challenger banks would boost home ownership
Revising capital rules, loan-to-income (LTI) ratios and lifting the cap on how many high loan-to-value (LTV) mortgages lenders can have...
Financial Crime
70% of UK APP fraud originates on social media, online markets
Social media and online marketplaces originated 70% of authorised push payment (APP) fraud in the UK last year, according to...
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