What you need to know this week
- UK economy grew by 0.1% in November 2024, but retail sales dropped 0.3% in December.
- ICAEW reports significant decline in business confidence, suggesting stagflation risks.
- FCA launched initiatives on AI and digital innovation, promoting safe AI usage in financial services.
- FSCS proposed a £103.6m management expenses budget for FY 2025/26, with consultation ongoing.
- Citizens Advice reported concerns over inappropriate IVA placements due to poor debt advice.
- Ofwat consultation on Priority Service Registers (PSR) closed; standards to be finalised by March 2025.
- Fair4All Finance and My Community Bank launched a £50m debt consolidation pilot scheme.
- The FCA responded to the government on its economic growth strategy, focusing on regulatory simplification.
- DORA came into effect on 17 January 2025, impacting operational resilience in financial services.
- FCA operational resilience rules take effect by 31 March 2025.
- “Plain Numbers” event on consumer understanding of borrowing costs scheduled for 23 January 2025.
- Mega AI networking event on vulnerability data sharing happening on 29 January 2025 in London.
Read the full summary – here
RO-AR insider newsletter
Receive notifications of new RO-AR content notifications: Also subscribe here - unsubscribe anytime