Being better informed: July 2023

Regulators and policymakers were busy in the run up to the end of June, with the Financial Services and Markets Bill completing its passage through Parliament, receiving Royal Assent to become the Financial Services and Markets Act 2023 (FSMA 2023), and the PRA consulting on major reforms to Solvency II. Elsewhere, the Bank of England published details of its system-wide exploratory scenario, the first exercise of its kind to understand market-wide dynamics. And the Payment Systems Regulator confirmed it’s taking forward plans to require payment service providers to reimburse authorised push payment fraud losses in all but exceptional cases. 

Download this edition of Being better informed to read more on these developments and for a comprehensive summary of all the regulatory updates from the past month.