From 1 January 2027, Articles 4, 4A, 4B and 5 of the UK Capital Requirements Regulation (CRR) are revoked. HM Treasury has restated selected definitions in domestic legislation, while the PRA’s CRR definitions restatement, finalised in Policy Statement PS14/26 on 27 May 2026, places other PRA-facing definitions in the PRA Rulebook Glossary or cross-refers from…
On 16 July 2026 the Financial Action Task Force published its seventh targeted update on how countries are implementing the FATF standards for virtual assets and virtual asset service providers. The headline finding is that implementation remains uneven. Of the 109 jurisdictions answering the Travel Rule legislation question, 91, or 83 percent, reported legislation in…
On 21 July 2026 the Financial Action Task Force published its Targeted Report on Regulatory Challenges from Decentralised Finance, and the message for anti-money laundering teams is blunt: decentralised is a claim to be tested, not a label that lifts a service out of scope. Where an identifiable natural or legal person controls or sufficiently…
The EBA published a draft technical package for version 4.4 of its reporting and disclosure framework on 24 July 2026, and the comment window is short: feedback on the package and the accompanying glossary closes on 24 August 2026. This early release of the EBA reporting framework 4.4 is a feedback-stage view of the Data…
On 17 December 2024 the European Securities and Markets Authority published its Final Report and, in Annex III, the Guidelines on the conditions and criteria for the qualification of crypto-assets as financial instruments, reference ESMA75453128700-1323. That document, often shortened to the CAFI Guidelines, addresses whether a crypto-asset qualifies as a financial instrument and is therefore…
On 18 May 2026 the Prudential Regulation Authority sent a Dear CEO letter to the chief executives of UK banks and designated investment firms, reaffirming where the line sits between a deposit and everything that only looks like one. The PRA Dear CEO letter on innovations in the use of deposits, e-money and stablecoins, signed…
On 23 July 2026 the European Banking Authority opened four public consultations on the first batch of DGSD3 depositor protection standards, the technical rules that will put the revised Deposit Guarantee Schemes Directive into daily operation. The comment window on all four closes on 23 October 2026. For banks and the teams that feed deposit…
On 7 October 2024 the reimbursement requirement in PSR Specific Direction 20 became live, and every payment service provider that sends a Faster Payments transaction from a relevant UK account acquired two obligations at once. The first is reimbursement: where an FPS APP scam claim is reimbursable, the sending PSP must reimburse the consumer subject…
On 28 May 2026 the Prudential Regulation Authority closed the first phase of its PRA Pillar 2A review with policy statement PS15/26. The changes it confirms come into force on Friday 1 January 2027, the same day the PRA switches on the Basel 3.1 standards, and they land in the part of the capital stack…
On 18 May 2026, the Prudential Regulation Authority published a Dear CEO letter addressed to the chief executives of all banks and designated investment firms, signed by David Bailey, Charlotte Gerken and Rebecca Jackson. The PRA continues to expect a 100 per cent own-funds requirement under the market-risk framework for unbacked cryptoassets. Separately, where a…