Prudential Regulation Authority News and Regulatory Updates
EU pushes to build AI alternatives as strategic technology risks rise
Europe is stepping up efforts to reduce its dependence on foreign artificial intelligence systems as concerns grow that access to critical models could be restricted. The debate intensifies after ...
UK markets weigh John Healey's move to finance ministry under Burnham government
Britain's leadership change is shifting investor focus from the prime minister's agenda to the fiscal stance of new finance minister John Healey. His appointment comes as Andy Burnham promises ...
PRA fines HDI Global SE over inaccurate FSCS reporting
UK insurers face close scrutiny over regulatory data quality, and HDI Global SE is penalized £4.165 million after submitting incorrect information to the Prudential Regulation Authority on ...
U.S. import prices rise in June as China goods costs hit highest monthly gain since 2008
U.S. import costs rise unexpectedly in June, signaling that price pressures are broadening beyond energy even as fuel costs decline. The increase is driven in part by a sharp jump in prices for ...
Bank of England balance-sheet shift raises risks for bank funding and regulation
After more than four years of active quantitative tightening, the Bank of England’s balance sheet is nearing the reserve level that Governor Andrew Bailey in 2024 described as sufficient for ...
Banijay selects London for merged TV group's headquarters
Banijay and RedBird IMI are placing the headquarters of their newly combined television production business in London after completing their $8bn merger. The move gives the UK another high-profile ...
Trump stock purchases intensify before tariff reversal lifts tech shares
Fresh financial disclosures show President Donald Trump stepped up stock buying during the April 2025 market sell-off triggered by his own tariff plans. The purchases cluster in major technology ...
Bank of England-led FX committee flags orderly UK currency markets, lower turnover
Wholesale foreign exchange market participants meeting under the Bank of England's London FXJSC say sterling markets remain orderly as investors assess geopolitical risks and shifting currency ...
Bank of England-led FX committee flags resilience focus as London FX infrastructure volumes rise
London's foreign exchange market oversight groups are focusing on operational resilience as trading volumes stay elevated and market infrastructure takes on a larger role. Minutes published on ...
Bank of England FX legal committee reviews benchmark, stablecoin and AI regulation
London's foreign exchange market legal working group is assessing how evolving rules across the UK and EU could reshape benchmark use, digital asset oversight and artificial intelligence ...
Burnham team plans to reshape UK AI strategy around domestic industry and workers
As UK political debate over artificial intelligence broadens beyond investment pledges, advisers around Andy Burnham are preparing a new strategy that places greater weight on British companies, ...
Bank of England digest highlights PRA Basel 3.1 consultation and 2025/26 reports
UK financial services firms are receiving a fresh set of Prudential Regulation Authority updates through the June 2026 Regulatory Digest from the Bank of England. The monthly roundup highlights a ...
U.S. voters back USMCA as Trump weighs trade pact changes
Support for the North American trade pact remains broad among U.S. voters as the Trump administration prepares to open talks on changes to the agreement. A new survey finds bipartisan approval for ...
PRA reiterates FSCS deposit reporting rules ahead of 2026 year-end filings
UK banks and branches are being told to tighten how they identify and report potentially FSCS-protected deposits before year-end submissions. The reminder follows questions from firms and ...
Lloyds Banking Group to retire Halifax brand in UK branch overhaul
Lloyds Banking Group is consolidating its retail identity by retiring the 173-year-old Halifax brand and renaming all Halifax branches under the Lloyds name next year. The move is part of a ...
UK welfare reforms apply new Motability taxes to save taxpayers £1 billion by 2030
New Motability scheme tax rules take effect on 1 July 2026 as the UK government moves to cut welfare costs while keeping disabled people eligible for mobility support. The changes apply VAT to ...
Reform UK momentum faces political setback in UK polls race
After months of gains that appeared to push Reform UK toward the center of Britain’s political contest, questions are emerging over whether the party’s advance is losing force. The shift ...
U.S. Senate HELP Committee postpones vote on Trump nominees after cancelled Senate votes
A planned committee vote on several Trump administration nominees is delayed in Washington after the U.S. Senate cancels Thursday floor votes. The postponement affects nominees for the Bureau of ...
UK markets stay subdued during Starmer tenure
Keir Starmer’s period in office leaves UK financial markets notably calm despite geopolitical shocks and domestic policy pressures. Currency volatility falls to its lowest level in at least 35 ...
Bank of England plans to ease UK investment bank trading capital rules
Britain is moving to soften part of its post-crisis bank rulebook as policymakers respond to concerns that trading capital requirements could weigh too heavily on market activity. The proposed ...
PRA consults on Basel 3.1 market risk model changes in UK
The UK's final step in rolling out Basel 3.1 is moving forward as the Prudential Regulation Authority opens a consultation on the internal model approach for market risk. The proposals are aimed ...
