May brought a number of significant regulatory developments. For international banks, the PRA confirmed updates to its supervisory requirements and branch reporting. HM Treasury confirmed plans to bring buy-now-pay-later within the FCA’s remit and issued the first of two consultations on reforming the Consumer Credit Act. Elsewhere, the FCA issued a consultation which aims to streamline the insurance rulebook, and provide a more tailored regime for commercial insurance business.
Download this edition of Being better informed to read more about these developments, and for a comprehensive summary of all regulatory updates from the past month.