PwC’s summary of the FCA's multi-firm review of consolidation in the financial advice and wealth management sector.
Financial services firms are working under more complex regulation and facing greater external threats that are ever more difficult to adapt to. It’s easy to be afraid of putting a foot wrong. But let’s not forget that without risk, there would be no financial services sector.
Our dedicated team of experts scan the risk and regulatory horizon across the asset management, banking and insurance sectors, with a focus on key issues and initiatives such as prudential reform, technological innovation including AI and digital assets, ESG, financial crime, wholesale market reform and consumer outcomes. We actively engage in dialogue with clients, regulators and industry bodies to bring you insights about the changing regulatory landscape and its impact on your business.
The UK is undergoing a significant overhaul of its regulatory framework, delivered through the Government's Financial Services Growth and Competitiveness Strategy and Leeds Reforms package. As UK authorities continue to progress these reform initiatives, staying on top of the agenda is more important than ever as we enter this new phase of regulation.
PwC’s summary of the FCA's multi-firm review of consolidation in the financial advice and wealth management sector.
PwC’s summary of PS17/25, which finalises the Matching Adjustment Investment Accelerator (MAIA) framework for insurers with permission to apply the Matching Adjustment.
PwC's summary of the FCA’s consultation on fund tokenisation.
Analysis of the FCA’s consultation on an industry-wide redress scheme for motor finance customers, and the implications for firms.
PwC's summary on the PRA's policy statement on closing liquidity reporting gaps in insurance.
PwC’s summary of the Bank of England’s proposals to streamline banking data collection under the Future Banking Data programme.
The UK’s new AI assurance roadmap and the FCA’s AI Live Testing initiative mark a major step forward in building trust in artificial intelligence. Drawing lessons from Singapore’s AI Verify initiative, this article explores how assurance will shape responsible adoption in the UK, what it means for financial services firms, and why early movers stand to gain the most.
The FCA published a consultation and discussion paper on how existing FCA Handbook rules should apply to future regulated cryptoasset firms under the incoming statutory regime on 17 September 2025. The paper proposes aligning cryptoasset firms with standards already governing brokers, dealers and intermediaries.
PwC’s summary on the PRA’s 2025 consultation paper updating third-country insurance branch requirements in the UK.
PwC's financial services risk and regulation podcast, Risk & Regulation Rundown. We discuss the latest developments affecting the industry, insights from our work with clients, and our perspective on industry talking points.
PwC's summary of the Supreme Court's ruling in relation to motor finance commissions.
The PRA has opened the door to potentially introducing fundamental changes to how “medium-sized firms” calculate capital requirements for retail residential mortgage exposures under the IRB approach, in a pragmatic move that may ultimately pave the way for more firms receiving IRB permissions and greater competition in the mortgage market.