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Regulators are accelerating crypto asset rulemaking, but without global alignment. As the UK finalises its regime alongside MiCA’s transition end, and the US advances GENIUS Act, firms face increasingly fragmented cross border compliance.
March saw a broad range of financial crime regulatory developments spanning AML, fraud and sanctions. Key updates included OPBAS and FCA findings, digital identity guidance for CDD, the Fraud Strategy 2026–2029, PSC guidance, draft MLR changes and notable announcements from OFSI and the PSR.
The FCA’s latest report, published on 13 March 2026, provides valuable insight into how effectively firms are meeting the consumer understanding outcome of the Consumer Duty.
The FCA sets out 2026/27 agenda to strengthen consumer guidance, enhance market resilience and promote responsible innovation across the financial sector.
The Finalised Guidance (FG)26/2 and Consultation Paper (CP)26/9 released earlier last month will shape the future of consumer redress.
The Financial Conduct Authority (FCA) published its final Motor Finance Consumer redress scheme on 30 March, marking a pivotal development for lenders and dealers/brokers in the motor finance sector. This scheme introduces several significant operational and methodological changes, reshaping the landscape of consumer compensation for historic motor finance commission arrangements.
The revision of Solvency II represents the most significant adjustment to Europe’s insurance prudential framework since its introduction. While designed to refine capital risk sensitivity within the European Union (EU), the reform will also influence how international insurance groups allocate capital, manage balance sheets and interact with multiple regulatory regimes.
February saw a range of financial crime regulatory developments, with a particular focus on fraud and sanctions. Updates included guidance on identity verification using digital identities, a PSR decision notice for failure to comply with Confirmation of Payee requirements, OFSI consultations and guidance papers, and new insights into APP fraud and cyber enabled fraud.
Payment and e-money firms are facing increasing pressure from regulators.
Global banking regulation is entering a new phase. The proposed US regulatory capital reforms represent one of the most consequential changes to the prudential framework in recent years, with significant implications for internationally active banks operating across multiple jurisdictions.
US regulators recently proposed a significant recalibration of their capital framework. As Basel III now plays out differently across the US, UK and EU, this article compares the approaches and assesses the implications for internationally active banks.
The Prudential Regulation Authority (PRA) published consultation paper CP12/25 in May 2025 as the first phase of a two-stage overhaul of Pillar 2A methodologies, with final rules published in January 2026.
The PRA’s revised reforms through CP5/26 marks a shift from meeting liquidity ratios to proving operational readiness.
The International Accounting Standard Board (IASB) has published proposals to replace existing IAS 39 macro-hedge accounting requirements and intends to withdraw IAS 39 in its entirety. In addition new disclosure requirements about interest rate management activities are being proposed to be mandated.
Payment and e-money firms are facing increasing pressure from regulators.
The delay in implementation of Basel 3.1 offers banks a valuable window to recalibrate compliance strategies, strengthen system capabilities, and position themselves to navigate the complexities of the new framework with confidence.
In 2024, the Financial Reporting Council (FRC) revised the UK Corporate Governance Code (the “new Code”). While this is mandatory for UK-listed companies, building societies are encouraged to disclose their corporate governance arrangements in their annual reports, although they are not subject to specific statutory requirements.
With the release of CP 8/26, the PRA proposes to bring the regulatory capital treatment of funded reinsurance in line with economically similar assets.
Almost a year on from the operational resilience implementation deadline, the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) continue to add to the framework with more structured oversight.
For the last few years, insurers have operated within a relatively stable financial reporting environment. That stability is set to shift. The future of insurance reporting will be shaped by new accounting standards and an evolving risk landscape, both of which are expected to drive meaningful change across the industry.
IFRS 17 ‘Insurance Contracts’ post-implementation review and IFRS 18 ‘Presentation and Disclosure in Financial Statements’ implementation are fast approaching, and pressures around cyber resilience, AI adoption, and climate-related disclosures continue to grow. Together, these shifts are reshaping how insurers explain performance, manage risk, and meet rising regulatory and stakeholder expectations.
The International Accounting Standards Board (IASB) has proposed amendments to paragraphs 18 and 19 in IAS 28 Investments in Associates and Joint Ventures (IAS 28) to clarify when it is permissible to measure such investments at Fair Value Through Profit or Loss (FVTPL) rather than using the equity method.
A recent tentative IFRS Interpretations Committee agenda decision could give rise to systems issues for insurers, requiring them to capture information for IFRS 18 disclosure purposes for periods beginning on or after 1 January 2027 that they might not currently be capturing.
The FCA looked into how smaller mutual life insurers met the Consumer Duty and delivered good customer outcomes. It shared the findings in January 2026 - relevant to all mutuals and life insurers.
The FCA is looking into the distribution of pure protection products: term assurance, critical illness cover, income protection insurance and whole of life insurance.
The Financial Conduct Authority (FCA) published its regulatory priorities for the insurance sector to help firms understand what is expected and where to focus – it is a guide for boards and chief executives.
The insurance and actuarial profession are at a turning point. Emerging technologies - particularly AI, automation, and advanced analytics - are reshaping traditional activities and creating new possibilities.
Technology is reshaping every aspect of financial services, and actuarial modelling is no exception.
Listen back on our webinar where our experts discussed the relevant asset management market and regulatory updates.
Our latest study uncovers a business world embracing change, investing in technology and people, and reimagining strategies to stay ahead of disruption and competition. Success now rests on adaptability as much as ambition.
The latest news and analysis on the changing markets and economic environment.
What should be firms’ priorities for the first quarter of 2026? Our experts analysed on a number of announced regulatory developments. Our quarterly financial services regulatory newsletter is a comprehensive overview of topics relevant to firms that operate in the UK across all financial services sectors.
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