The FCA and BOE published discussion papers outlining the UK's proposed regulatory approach for regulating fiat-backed stablecoins.
November 7, 2023The BOE is exploring options for maintaining access to deposits in small-bank resolutions, and refining subsidiarisation rules for foreign banks.
October 19, 2023NatWest, Santander, Lloyds, JPMorgan and HSBC were among the lenders that considered bids for some of Metro Bank's assets over the weekend.
October 9, 2023US, UK, and Swiss regulators took coordinated action to punish the "unsafe and unsound" risk management practices at Credit Suisse.
July 25, 2023The Act sets a path to reform Solvency II, gives the FCA regulatory powers over crypto, and provides stronger protections for victims of APP fraud.
June 30, 2023TSB Bank's chief information officer was fined for his management of a key outsourcing relationship fell below expected standards.
April 14, 2023The review seeks stakeholders' views to identify ways to improve operational and legal aspects of the Senior Managers and Certification Regime.
April 4, 2023This is the first time UK regulators have opened an enforcement investigation against an exchange, which observers say could point to serious misconduct or compliance failures.
March 6, 2023The incident has forced firms to manually process derivatives trades. Ransomware gang Lockbit has threatened to publish stolen data unless a ransom is paid.
February 3, 2023An IT system upgrade in April 2018 resulted in nearly 2 million TSB Bank customers being unable to access banking services.
December 22, 2022