Prudential Regulation Authority
Bank of London investigated by UK regulator as auditor warns of ‘material uncertainty’
Clearing bank’s 2023 accounts, published after a more than seven-month delay, show a £12.4m loss alongside ‘significant turnover of staff and inadequate record keeping’
Bank of England director David Bailey: Cap on bankers’ bonuses was a bad idea
Threadneedle Street’s number two on prudential policy discusses government pressure to grow and why pay limits were a bad idea
5 min read
Top banking watchdog says idea regulators want to remove all risk is ‘nonsense’
The UK’s top banking regulator has said it is ‘easy’ to show the Bank of England is taking its competitiveness agenda seriously
3 min read
Bankers to get bonuses quicker as Bank of England plans deferral overhaul
UK regulators are shaking up rules on banker bonuses
2 min read
Bank of England spends £100,000 on staff diversity training
Reform UK leader Nigel Farage says outlay ‘typifies what is going wrong in our financial services industry’
2 min read
HSBC fined £57m for depositor protection failures
The fine is second only to the £87m paid by Credit Suisse last year
1 min read
Banks asked to report ‘step-in’ risk as regulators crack down on shadow banking contagion
UK lenders asked for information on another potential risk to the system
2 min read
Banker bonus cap decision pushed back to autumn
Update on plans to scrap the bonus cap are now overdue as Bank of England's regulator tells firms that cutting bonuses can be a useful tool to mitigate poor performance
3 min read
Why Solvency II reforms might not release billions after all
Loosening capital buffers increases risks, while new investment might just be hoarded
3 min read
Government drops call-in power amid crypto donor concerns
Arguably it would be better if, in exceptional circumstances, ministers overrule regulators publicly after providing proper evidence for their decision, rather than behind closed doors
4 min read
Axing City regulation will deter investment and damage Britain
Conservative MP Kevin Hollinrake warns Liz Truss that government plans to overhaul the City’s post-Brexit rule book risk a 'compromised regulatory regime'
4 min read
‘Clearly a bad idea’: Compliance experts slam Liz Truss talk of merging FCA and PRA
Experts fear merger would lead to more regulatory scandals, not less
Liz Truss eyes merger of FCA and PRA
Prime ministerial hopeful set to review how the City's watchdogs work
Sunak and Truss clash over City rules in leaders debate
References to Solvency II and MiFID II in leaders’ head-to-head debate in Stoke surprised commentators
Banks must learn lessons of nickel crisis, regulator warns
Nathanaël Benjamin: It's important that banks learn their own lessons on the OTC
Chancellor Zahawi to ‘repeal hundreds of pieces of EU law’ as Brexit battle with regulators looms
The Mansion House gathering for the City will be dominated by a drive to free up rules despite protests from regulators
4 min read
Treasury Committee chair Mel Stride: Why regulators need better scrutiny post-Brexit
The effective scrutiny of UK financial regulations needs a new approach after leaving the EU
3 min read
MPs warn UK’s post-Brexit overhaul to regulation could hit financial stability
The Treasury Committee urges the government to backtrack on plans to give watchdogs a remit to boost the City's international competitiveness
5 min read
BoE to probe banks’ crypto exposure, CEOs told to watch risks
The BoE wants firms to disclose their current and future crypto plans
3 min read
Severe Russia sanctions could threaten financial stability, top financial watchdog warns
Financial Stability Board chair tells policymakers to ‘think twice’ before cutting Russia’s access to the Swift payments system
2 min read