FCA: Final Notice: Metro Bank plc
FCA has fined the firm £16,675,200. In a period between 2016 and 2020 it failed to have the right systems and controls to adequately monitor over 60m transactions, with a value of over £51bn, for money laundering risks due to an error in the automated monitoring of transactions. The firm did not have a mechanism to consistently check that all relevant transactions were being fed into the monitoring system until December 2020.
Last updated · 13 Mar 2026
Regulatory News - Financial Services & Regulation
See allFCA: MS26/2: Claims management services: market study terms of reference
FCA has launched this market study in order to gather evidence to understand the root causes of practices the regulator has observed by firms in the claims management market and how they impact competition and consumer outcomes. It has requested stakeholders to review the proposed ToR and Notice, with responses required by 19 June 2026. A blog by Alison Walters has also been published.
BoE: Central counterparty resolution execution and resolvability outcomes
This discussion paper sets out some of BoE’s thinking on how best to implement its resolution powers and seeks views from stakeholders on three specific resolution topics. It also seeks views on BoE’s preliminary thinking on what it means for a CCP to be “resolvable”. Responses are required by 4 September 2026.
UK Regulators: Regulatory Initiatives Grid
The UK regulators have published the latest edition of the Regulatory Initiatives Grid which sets out details of new, current and updated initiatives relating to individual financial sectors as well as cross-cutting ones. The Grid may be downloaded as a PDF or interactive dashboard.
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BoE: Speech by Sarah Breeden: Modernising money and markets
Text of Sarah Breeden’s speech of 19 May 2026 follows in which she considers how the responsible adoption of tokenisation in the UK can enhance financial stability and support sustainable growth.
HMT/FCA: Policy statement on reform of the Consumer Credit Act 1974
HMT has published a policy statement setting out the final approach to CCA reform, alongside its response to the Phase 1 CCA reform consultation published in May 2025. Annex A of the document sets out a detailed provisions table, which indicates which sections of CCA will be retained, amended or repealed. It is also noted that the Government intends to review the regulatory regime for credit broking which sits within the RAO. FCA intends to consult on the key elements of the consumer credit framework previously set out in legislation and emphasises that its approach will be underpinned by the Consumer Duty.