FCA, Bank of England, banking, payments and the UK capital markets.
After a surprise rise in long-term UK gilt yields, a Bank of England working paper estimates higher cumulative net purchases of sterling corporate bonds by UK life insurers and lower net buying of dollar bonds from UK issuers by US peers. The split complicates any market-wide reading.
The FCA says 12% of firms reported charge changes, but gives no respondent count and says some measures remain planned. Public tariffs show the cost of matched trades.
Most subscriptions were enabled through redistributors, while public evidence still measures received reports and visibility rather than spreads, execution costs or active use.
Central clearing can shrink dealers' balance sheets through multilateral netting, but the usable gain depends on cash margin, default resources and whether zero bilateral haircuts reflect real portfolio offsets.
A Bank of England paper finds dealer-specific prices and a sharp buy-sell asymmetry below one month, but it cannot yet separate pricing power from relationship services and client selection.
PISCES, the FCA's new intermittent-trading venue for private company shares, lets firms decide when their stock trades, who can buy it and at what price, betting that founder control can revive a stalled London listing pipeline.
On a single Monday in the autumn of 2027, the UK, the European Union and Switzerland will compress the time it takes to settle a share trade from two working days to one. The coordinated date is a rare piece of cross-Channel alignment, and it hands the City a fixed operational countdown that runs through the whole of 2026.
The FCA switched on a bond consolidated tape in June, the first to run outside North America. Its 31 July package sets the design for an equity version, and with it a tougher fight over data revenue and pre-trade prices.
The joint Bank of England and FCA regime lets firms issue, trade and settle tokenised securities on distributed ledgers under modified law. What is actually live, who is inside, and how far it is allowed to scale.
The Pension Schemes Act 2026 makes pooling a statutory duty and moves roughly £400bn of council pensions into six consolidated megafunds. Two of the six are still not FCA-authorised to run the money, and the authorisation clock runs to 30 September 2027.
The FCA wants UK firms making the changes now and ready to test by the end of 2026, two years before Britain, the EU and Switzerland switch to next-day settlement on the same morning.
Four months into live trading, the UK's private-share regime has real auctions and four approved operators. What Wayve's $85m employee tender shows is that it delivers liquidity, and has not yet proved it can discover a price.
June's Fund Flow Index looks like a great rotation into bonds, but the durable signal is a 38-month exodus from Asia-Pacific equity funds, and it points to defensive de-risking rather than conviction buying.
UK listing proceeds trebled in the first half of 2026, but seven floats and a single strong quarter carry the whole story. Set against Mansion House talk of a capital-markets comeback, the recovery looks fragile and highly concentrated.
A severe five-year recession scenario has gone to 46 firms in private credit and private equity. The point is not a pass-or-fail result — it is whether the Bank can map a market that reports to almost no one.
UK regulators are linking tokenisation to market-plumbing readiness around legal certainty, settlement finality and synchronisation.
