Published by: Financial Services Regulatory Initiatives Forum.
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Key Take Aways
The April 2025 edition of the Regulatory Initiatives Grid reflects a significant reprioritisation following the change in UK government and delays in initial planned policies.
The Grid emphasises increased regulatory coordination, with a marked rise in joint initiatives involving two or more regulators, enhancing operational resilience and sectoral stability.
Key initiatives include the long-term framework for Open Banking, cloud computing guidance, and digital securities sandbox, all aimed at supporting innovation and competition.
The delay of Basel 3.1 implementation to 2027 by the PRA impacts prudential capital plans and the delivery timetable of related projects such as Strong and Simple.
Data collection and reporting reforms are central, with ongoing projects to develop portals, decommission duplicate templates, and launch integrated reporting platforms like MyFCA...
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