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PRA to ease ring-fence rules to cut bank costs
The Prudential Regulation Authority (PRA), the UK's banking regulator, is set to launch a consultation aimed at reforming shared operational services rules for ring-fenced...
Bank, FCA and Treasury set out AI resilience rules
The Bank of England, the Financial Conduct Authority (FCA) and HM Treasury have issued a joint statement warning that frontier AI models pose a...
AI governance gap puts UK finance at risk
A report from Zango AI, a compliance technology firm, has found that senior leaders across UK and European financial services are warning of a...
UK banks face new stress tests under PRA liquidity plan
The Prudential Regulation Authority (PRA) has published a series of proposals designed to ensure UK banks can rapidly convert liquid assets into cash during...
Why non-financial risk is the real grey rhino for CROs
When discussions about risk arise in financial services, attention typically gravitates toward traditional financial exposures such as credit risk, market volatility and liquidity stress....
Katharine Braddick to lead PRA as deputy governor
The Bank of England has appointed Katharine Braddick CB as the next deputy governor for prudential regulation and CEO of the PRA succeeding Sam...
PRA climate rules: Ortec Finance breaks down SS5/25
The Bank of England's (BoE) Prudential Regulation Authority (PRA) published Supervisory Statement 5/25 last December, outlining its expectations that banks and insurers take a...
MPs issue stark alert on AI threats to UK finance
The UK’s top financial authorities have been cautioned that the national financial system remains vulnerable to an AI-driven shock, following a sharp warning from...
UK and EU regulators align on critical third-party oversight
UK and EU financial regulators have taken a further step towards closer cross-border supervision by signing a new Memorandum of Understanding (MoU) aimed at...
Rapid private markets growth raises data and stability concerns
The House of Lords Financial Services Regulation Committee has published a new report examining the rapid expansion of global private markets and the potential...
