Topic
The UK's framework for regulating banks, insurers, markets, payments and crypto firms, overseen by the Bank of England, the PRA and the FCA.
Bank of England regulator David Bailey says UK banks hold management buffers larger than the Bank would expect. He told City AM the Bank has opened talks with international peers on simplifying the capital stack to free capital for the economy.
Reality
Lewis Barber has filed a £20m High Court claim against BitMEX's operator, arguing UK crypto derivatives sold without FCA approval are void. His lawyers say thousands of non-professional UK investors may have lost money the same way, but the claim has not been served.
Perspective Coverage
6 publishersReality
FCA car finance redress for about 12 million loans will pay nothing before 2027, with legal challenges due at the Upper Tribunal in February. Average payouts of £829 now wait on that hearing, and lenders facing a £9.1bn bill have to plan for a delay with no fixed end.
Perspective Coverage
3 publishersReality
FCA has held talks with prediction-market operators as Polymarket and Kalshi explore UK entry, the Financial Times reported. Its 2026 perimeter report classed the financial products it examined as binary options, banned for retail clients since 2019.
Reality
Bank of England swaps per-person holding limits on sterling stablecoins for a temporary £40 billion cap on each coin's issuance. Issuers now plan around how large their own coin may grow, under a central bank that says it will also hold part of every coin's reserves.
Reality
FCA board member Lea Paterson will review how the regulator handled Simon Andriesz, a whistleblower it wrongly told had no protection. MPs want an independent body to do the work, because the error concerned the basic question of who is covered.
Reality
The proposed secondary objective arrives with an explicit stability carve-out and an annual report to Parliament, which leaves June's reserve rule, not the statute, as the number that prices a sterling stablecoin business.
Perspective Coverage
4 publishersReality
Fifty-six per cent of 18- to 40-year-old investors trust AI tools more than TV, press or influencers, and a third expect compensation cover that does not exist. The shortfall lands on them.
Reality
The first critical third parties have been designated, putting technology, data and operations suppliers under direct UK supervision. Firm-level responsibility does not move an inch.
Reality