UK

  • FCA Crypto Regime: Perimeter Guidance and the 30 September Gateway

    On 16 September 2026 the Financial Conduct Authority published PS26/18, its perimeter guidance for the new UK crypto regime. The authorisation gateway opens on 30 September 2026. The regime itself comes into force on 25 October 2027. The guidance answers the question firms have been asking since the enabling law appeared: which of my activities…

  • UK Transaction Reporting Harmonisation: The BoE and FCA Taskforce

    On 18 September 2026 the Bank of England and the Financial Conduct Authority published the minutes and supporting slides from the first meetings of their Transaction and Post-trade Reporting Harmonisation Taskforce, held on 3 July 2026. The papers are the clearest public signal yet of where UK transaction reporting harmonisation is heading across UK MiFIR,…

  • UK FINREP Reporting: PRA Rules, Templates and Filing Deadlines

    UK FINREP is supervisory financial reporting governed by the Reporting (CRR) Part of the PRA Rulebook. That Part applies to CRR firms and CRR consolidation entities; Article 430(3) sets financial-information requirements for firms within that provision, while Chapters 5A-5F set additional requirements for reduced FINREP firms. For FINREP data items required under Article 430(3) together…

  • TARGET Services June 2027 Release: Swift ISO 20022 and the T+1 Squeeze

    On 15 September 2026 the ECB published a letter, dated the previous day, in which the Advisory Group on Market Infrastructures for Securities and Collateral (AMI-SeCo) formally asked Swift to move its 2026 securities message upgrade onto the TARGET Services June 2027 release. AMI-SeCo’s purpose is practical: the group is trying to protect the testing…

  • Form BT Monthly Reporting: The New Statistical Notice 2026/08 Test

    On 15 September 2026 the Bank of England published Statistical Notice 2026/08, changing the criteria that decide which banks and building societies file the Balance Sheet return, Form BT, each month instead of once a quarter. The change is narrow on paper and material in the reporting calendar: a firm that files Form BT monthly…

  • COR015 High Earners Report: The PRA’s Annual Remuneration Return

    Firms in scope of Chapter 18 of the PRA Rulebook must submit the Remuneration High Earners Report annually. The report is due to the PRA within four months of the firm’s accounting reference date and, under Rules 18.4 and 18.5, covers high earners who mainly undertook their professional activities within the UK; Rule 18.6 reports…

  • Synthetic Risk Transfers: BCBS Maps Capital-Relief Gaps

    On 17 February 2026 the Basel Committee on Banking Supervision published Synthetic risk transfers, a 31-page report on a market that has become an important source of capital relief for corporate credit risk. Across Canada, the euro area, the United Kingdom and the United States, the Committee estimates that about EUR 750 billion of assets…

  • FATF on Hawala and Underground Banking: AML Red Flags

    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…

  • BoE Delays November 2026 RTGS Standards Release: CHAPS Roadmap Reset

    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…

  • Norway Countercyclical Buffer Held at 2.5%: Foreign-Bank Reciprocity

    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…