With unusual extra pressures stemming from the Covid-19 crisis, the UK’s Financial Conduct Authority has announced a one-year delay to the introduction of mandatory ESEF requirements in the UK.
Open banking has had an undeniably significant effect on the banking industry, with a wide range of faster, more convenient choices now competing for customer attention. Could extending the principles of open banking – the (optional) sharing of bank data with third parties – to other financial products further transform financial services? The UK’s Financial Conduct […]
With their impending exit from the European Union, will the UK adopt the European Single Electronic Format (ESEF) that becomes mandatory across the EU in January 2020? The Financial Conduct Authority (FCA) have released an update indicating that they are preparing to adopt ESEF in a scenario where the UK remains subject to EU law […]
On Friday 8 March the UK’s Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) hosted the first meeting of the Climate Financial Risk Forum (CFRF). With climate change threatening to create financial risks relevant to these UK regulators’ objectives, the CFRF has been set up to help develop practical tools for addressing climate-related financial […]
After a strong showing in its domestic market, the UK’s Financial Conduct Authority (FCA) is looking into the creation of a global regulatory sandbox. Such a move would enable fintech firms to carry out tests in different countries at the same time, while also helping watchdogs to identify and solve common cross-border problems. Regulatory “sandboxes” […]