This Order amends the Financial Services and Markets Act 2000 (Ring-fenced Bodies and Core Activities) Order 2014/1960) and the Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014/2080 to adjust the regulatory regime applying to ring-fenced bodies.

BIS has published its 2025-26 work programme.  The first two new projects in 2025 will explore AI-based tools supporting supervision and green finance.

FCA has published two new webpages which set out in detail what firms should and should not do to tackle polluting behaviour and meet their redress liabilities.

This blog post discusses ECB’s supervisory priorities for the next two years, which focus on strengthening banks’ ability to withstand macro-financial and geopolitical shocks, and on ensuring that banks remediate material and persistent shortcomings in a timely manner and address emerging challenges.

HMT has published a note on the meeting held on 11 January 2025.  Matters under discussion include: financial regulatory cooperation; capital markets; asset management; insurance/pensions; sustainable finance.

The SI enables FCA to supervise and enforce rules that it makes under the designated activity rules and allows it to supervise designated activities by gathering information and launching investigations into persons carrying out designated activities, and to enforce its designated activity rules by publicly censuring or imposing financial penalties on persons that breach them.  The SI also sets out the procedures that will apply to the giving of directions by FCA relating to designated activities.

The SI establishes a new legislative framework for the regulation of short selling, creating designated activities for short selling, giving FCA rulemaking powers related to these activities and powers to intervene in exceptional circumstances.

This progress update summarises work over the past year, including how it relates to the evolving payments landscape, such as the recently announced National Payments Vision.  BoE expects to publish regular future progress updates, supplemented also by design notes on specific topics related to a digital pound.

FSB’s report considers the role that financial and non-financial firms’ transition plans can play for financial stability assessments, particularly as a source of information for monitoring climate-related financial risks and vulnerabilities.

BIS has announced further steps to promote the adoption of its harmonised ISO 20022 data requirements for more efficient processing of cross-border payments.