FCA: Speech by Sheldon Mills: Consumer Duty – the art of the possible in a year
Text of Sheldon Mills’ speech of 20 February 2024 follows in which he discusses progress the regulator has seen on the Consumer Duty since July 2023 and identifies some challenges (including with regard to closed products). He concludes: “At all times, when supervising and enforcing the Duty, we will be informed by data and metrics as to where we prioritise our focus. It is not a once and done exercise for firms, or for us.”.
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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: UK MiFID transparency calculations
FCA has updated its webpage with the latest results of the annual transparency calculations for equity and equity-like instruments for the UK.