Being better informed: November 2023

Policymakers continued their focus on digital assets and emerging technologies last month, with HM Treasury (HMT) publishing three long-awaited papers on regulated cryptoassets and stablecoins, reconfirming its intention to bring a number of cryptoasset and stablecoin activities into the regulatory perimeter for financial services. Elsewhere, the FCA, Bank of England and PRA published a feedback statement to their October 2022 artificial intelligence (AI) discussion paper. Which will inform the regulators’ next steps on AI regulation and guidelines.

In the banking sector, there were notable updates on risk management in the form of a PRA Dear CRO letter, and on remuneration via an FCA letter to the Chairs of Remuneration committees. 

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.