FCA: Financial Lives Survey 2024
FCA has published the latest results of the survey. The regulator is concerned that one in ten people have no cash savings at all, and another 21% have less than £1,000 to draw on in an emergency, and one in four people in the UK have low financial resilience FCA also raises concerns with regard to the amount of holdings in DC pensions, noting that 33% of adults have less than £10,000 saved. However, FCA also highlights progress with regard to debt management services, access to basic banking services and digital inclusion. FCA also notes that 61% of people with more than £10,000 in investible assets held at least three-quarters of these assets in cash rather than investments – the regulator wants to see more people holding mainstream investments to improve long-term returns. FCA is urging consumers to reach out to their lender if they are struggling with their payments and get help with pensions and investment decisions to improve their long-term financial health. FCA has provided slide-based individual reports on various sectors and products which can be downloaded individually from the survey webpage (second link below).
Last updated · 13 Mar 2026
Regulatory News - Banking & Finance
See allPRA: PS10/26: Amendments to Resolution Assessment threshold and Recovery Plans review frequency
Further to CP14/25, this PS provides feedback and final policy. The policy in this PS will take effect on 1 April 2026.
HMT: Joint EU-UK Financial Regulatory Forum
HMT has published a note of the meeting held on 11 March 2026. Topics included: policy and macroeconomic/financial stability outlooks; banking; digital finance; markets reform, and sustainable finance.
PRA: Speech by Vicky White: Data as a dialogue
Text of Vicky White’s speech of 12 March 2026 follows in which she discusses data collected from banks by PRA and how this feeds in to supervisory decisions, risk assessment, and policy.
BoE: Speech by Andrew Bailey: Reforming cross-border payments
Text of Andrew Bailey’s speech of 12 March 2026 follows in which he discusses progress on the G20 Cross-border Payments Roadmap.
FCA: Board minutes
FCA has now published the minutes of its 29 January 2026 board meeting. It is stated that “the Board observed the positive outcomes achieved by driving change through outcomes-focused supervisory activity rather than relying solely on rules”.
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