Regulatory News
Current topics aggregated from regulators and trustworthy legal/professional services firms.
HM Treasury Proposes to Significantly Reduce Scope of UK BMR
Under the proposals, only designated benchmarks or benchmark administrators would be regulated. By Nicola Higgs, Becky Critchley, Ella McGinn, and Charlotte Collins Key Points: Introduction On 18 December 2025, HM Treasury published a consultation setting out proposals to reform the UK Benchmarks Regulation (BMR). HM Treasury acknowledges that the regulatory framework needs to remain proportionate,...
Providing Useful Tools: FINRA Releases its 2026 Annual Regulatory Oversight Report, Together with a FINRA Unscripted Podcast Filled with Senior Leadership Insights
On December 9, 2025, the Financial Industry Regulatory Authority (FINRA) released both its 2026 FINRA Annual Regulatory Oversight Report (the “Report”), and a companion FINRA Unscripted podcast (the “Podcast”), featuring senior FINRA leaders providing insights about the Report. Continue Reading
Federal Reserve Board publishes its biennial report on debit card transactions, which summarizes information collected from large debit card issuers and payment card networks
Federal Reserve Board publishes its biennial report on debit card transactions, which summarizes information collected from large debit card issuers and payment card networks
Federal Reserve Board requests public input on “payment account,” which eligible financial institutions could use for the limited purpose of clearing and settling their payments
Federal Reserve Board requests public input on “payment account,” which eligible financial institutions could use for the limited purpose of clearing and settling their payments
FCA Publishes Findings on Best Execution at Wholesale Banks
The findings from a multi-firm review examine how wholesale firms deliver best execution in UK listed cash equities. By Nicola Higgs, Rob Moulton, Jonathan Ritson-Candler, and Charlotte Collins Key Points: Introduction On 12 December 2025, the FCA published findings from a multi‑firm review on how wholesale banks deliver best execution in UK-listed cash equities. The...
FCA Publishes Near-Final Rules on Targeted Support
FCA Policy Statement confirms rules and guidance for new form of support to help consumers with investment decisions. By Nicola Higgs, Rob Moulton, Becky Critchley, and Charlotte Collins Key Points: Introduction On 11 December 2025, the FCA published a Policy Statement (PS25/22) containing its near-final rules on targeted support. While the rules are in substantially...
Federal Reserve Board publishes first of several staff manuals for the supervision of the largest and most complex banks
Federal Reserve Board publishes first of several staff manuals for the supervision of the largest and most complex banks
Federal Reserve Board withdraws 2023 policy statement and issues new policy statement regarding the treatment of certain Board-supervised banks that facilitates responsible innovation
Federal Reserve Board withdraws 2023 policy statement and issues new policy statement regarding the treatment of certain Board-supervised banks that facilitates responsible innovation
Joshua T. White Named SEC Chief Economist
The Securities and Exchange Commission today announced that financial economist and academic scholar Dr. Joshua T. White will return to the agency beginning the week of Jan. 5, 2026, to serve as its Chief Economist and Director of the Division of…
SEC Office of the Investor Advocate Delivers to Congress Report on Activities for Fiscal Year 2025
The Securities and Exchange Commission’s Office of the Investor Advocate today delivered its Report on Activities for the Fiscal Year 2025 to Congress, highlighting the initiatives and work of the office during the fiscal year.The report includes:An…