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Finance
UK
A Third of UK Bank Reserves Now Come From Borrowing, Not From Bond Purchases. The Bank of England Calls That the Plan.
On 2 September the Bank's repo lending stood at £208.7 billion against £643.7 billion of reserves. A year of quantita...
Finance
UK
The Bank of England Decides on a Digital Pound This Year, After Telling Banks to Build the Alternative
The design phase ends in 2026, and the blueprint, the Treasury's joint assessment and the decision on next steps all ...
Finance
UK
The FCA Will Judge Firms' Live AI in 2027 Without a Single New AI Rule
The regulator's second AI Live Testing cohort, from Barclays and Lloyds to UBS and Experian, is running real models i...
Finance
UK
Open Banking Won 19 Million Users on Rails the Banks Were Never Paid to Build
The Data (Use and Access) Act 2025 lets the Treasury extend the same compulsion into savings, pensions and consumer c...
Finance
UK
Cash-Access Rules Have Opened 230 Banking Hubs and Owe 120 More. What They Guarantee Is Cash, Not a Bank.
Nearly two years after the FCA's access-to-cash regime took effect, more than 230 shared banking hubs are open agains...
Finance
UK
Britain's pension reform can force poor funds to move savers out, but the test and the teeth are still unwritten
The Pension Schemes Act 2026 is law and the megafund story dominates, but the sharper lever is the Value for Money fr...
Finance
UK
The FCA's Conduct Rules Used to Police Client Money. Now They Reach How You Treat a Colleague.
From 1 September a single new rule, COCON 1.1.7FR, extends the FCA's conduct code from client money and market behavi...
Finance
UK
Basel 3.1 Reaches UK Banks in January 2027 on Terms the US and EU No Longer Share
The Prudential Regulation Authority has finalised its Basel 3.1 rules for a 1 January 2027 start, with the fully load...
Finance
UK
Buy Now Pay Later Became Regulated Credit in July, Giving 11 Million UK Users New Protections
The Financial Conduct Authority brought Britain's buy-now-pay-later market under consumer-credit regulation on 15 Jul...
Finance
UK
Britain Sets 11 October 2027 for Next-Day Settlement, Moving in Step With the EU and Switzerland
On a single Monday in the autumn of 2027, the UK, the European Union and Switzerland will compress the time it takes ...
Finance
UK
UK Mortgage Approvals Rose in June. A Hawkish Bank of England Keeps a Rate Cut Off the Table.
Net mortgage approvals climbed to 58,200 in June and house prices are still edging up, but with the MPC holding Bank ...
Finance
UK
Forced refunds cut UK APP fraud by £73m in a year, and moved the bill onto payment firms
The PSR's mandatory reimbursement regime, one year on: an independent evaluation puts in-scope fraud losses down abou...