Text of Sarah Pritchard’s speech of 18 April 2023 follows in which she discusses how FCA wants to strike a balance between encouraging competition and innovation and advancing our other operational objectives.  She notes: “we have noticed an uptick in proposals where for a firm's activity taking place on UK soil, the individuals undertaking senior management functions will not be based in the UK”. 

The parties have published a revised MoU which sets out the high-level framework FCA and BoE (exercising its prudential regulation functions) will use to co-ordinate and co-operate in carrying out their respective re­spons­ib­il­it­ies.

This BoE Quarterly Bulletin article looks at how financial institutions can use scenario analysis to quantify climate change risks.

Text of this speech by of 17 April 2024 follows in which Pablo Hernández de Cos discusses the prudential and financial stability challenges presented by the use of AI in bank­ing.

The ESAs have published a consultation which sets out the criteria for determining the composition of the joint examination teams in order to ensure a balanced participation of staff members from the ESAs and from the relevant competent authorities.  Responses are required by 18 May 2024.