On 3 September 2026 the Financial Action Task Force published Investigating Professional Money Laundering, Underground Banking, and the Use of Hawala and Other Similar Service Providers, and one case study, Operation Klaver in the Netherlands, records approximately EUR 500 million in criminal proceeds processed over eight months through a cash-based informal value-transfer system. The report…
The Bank of England will not run its November 2026 RTGS standards release. On 27 August 2026 the Bank confirmed it is deferring that release in its entirety, including the messaging standards for CHAPS payments, after Swift announced its decision to delay the November 2026 Swift Standards Release. For any CHAPS direct participant that had…
Norges Bank’s Monetary Policy and Financial Stability Committee decided on 12 August 2026 to keep Norway’s countercyclical capital buffer rate unchanged at 2.5%, a decision the bank published on 13 August 2026. The Committee reached it unanimously. For a reporting officer the headline is that nothing in the number moves, but the calendar behind it…
11 October 2027 is the government-supported first trading date for the UK T+1 transition. HM Treasury has committed to legislate for that date, but its latest published statutory instrument is still draft and subject to affirmative parliamentary approval. Under the draft, UK CSDR Article 5(2) would require in-scope transactions in transferable securities executed on a…
On 7 August 2026 the FCA published a statement confirming that it is applying increased scrutiny to Annex 1 firms, including unregulated lenders, safe custody providers, money brokers and financial leasing companies registered with it for anti-money laundering purposes. Alongside the statement, the regulator said it had sent an information request to around 900 Annex…
On 6 August 2026, the Financial Conduct Authority began serving its Handbook of rules and guidance through a new application programming interface. The FCA Handbook API lets a firm’s own software pull the text of UK conduct rules, technical standards and defined terms directly, instead of reading them off the website or waiting for a…
When a UK issuer prices a new residential mortgage-backed security or a credit-card asset-backed security this autumn, one decision is taken long before the roadshow: whether the senior notes will meet Bank of England collateral eligibility. A security that qualifies as Level B collateral may be used in SMF facilities that accept Level B, subject…
The Prudential Regulation Authority published consultation LIAC02/26 on 29 July 2026, opening two separate workstreams under its low impact amendments process. One removes Lloyd’s syndicates from internal model output (IMO) reporting; the other reworks the liquidity Parts of the PRA Rulebook to fit incoming UK rule changes. Both close for comment on 11 September 2026,…
On 29 July 2026 the Prudential Regulation Authority published PS18/26, the policy statement that finalises the Solvency UK reporting and disclosure changes firms will apply for reporting reference dates on or after 31 December 2026. It sets out the PRA’s response to CP22/25 on post-implementation reporting and disclosure amendments and to Proposal 1 of CP4/26…
On 29 July 2026 the Prudential Regulation Authority published PRA LIAF02/26, finalising its April 2026 Low Impact Amendments Consultation (LIAC01/26) plus minor corrections made without further consultation. The “low impact” label is supervisory housekeeping and easy to leave unread. The trap is that several of these corrections touch the exact PRA Rulebook Parts that UK…