- Our emerging regulatory approach to Big Tech and Artificial Intelligence
Speech · 11 July 2023
As of March 2026, the Financial Conduct Authority (FCA) has moved from discussing "emerging approaches" to a fully operationalized regulatory framework for Big Tech and Artificial Intelligence (AI).…
- The Bank of England, PRA and FCA set out potential measures to oversee critical third parties in a move to increase resilience of the financial sector
News · 20 July 2022
In 2022, the Bank of England, the PRA, and the FCA (the "supervisory authorities") launched a landmark initiative to address the systemic risks posed by Critical Third Parties (CTPs). While…
- British and Australian regulators strengthen cooperation on FinTech through Enhanced Cooperation Agreement
News · 22 March 2018
In March 2018, the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) signed an Enhanced Cooperation Agreement to deepen their collaboration on…
- Operation of the MoU with the Bank of England for market infrastructure - 2018 performance statement
News · 14 February 2019
The 2018 performance statement regarding the Memorandum of Understanding (MoU) between the Financial Conduct Authority (FCA) and the Bank of England confirms that the domestic cooperation framework…
- Cyber and Technology Resilience: Themes from cross-sector survey 2017-18
News · 27 November 2018
This 2018 report summarizes the findings of a cross-sector survey involving 296 firms to assess the UK financial industry’s cyber and technology resilience. While technology is a primary driver of…
- Operation of the MoU with the Bank of England for market infrastructure - 2015 performance statement
News · 4 March 2016
The Financial Conduct Authority (FCA) and the Bank of England have published a performance statement reviewing their Memorandum of Understanding (MoU) for the year 2015. Under the Financial Services…
- The view from the regulator on Operational Resilience
Speech · 5 December 2019
In 2019, Megan Butler launched the landmark consultation that transformed "Operational Resilience" from a vague risk management concept into a mandatory regulatory outcome. She famously drew a…
- AI: Flipping the coin in financial services
Speech · 4 October 2023
In her October 2023 address, Jessica Rusu described a "pivotal moment" where the digital coin was still spinning in mid-air. She argued that the safe adoption of AI required connecting the dots…
- Financial crime in the payments and e-money sector: webinar
Event · 17 July 2023
The Financial Conduct Authority, in collaboration with the UK Financial Intelligence Unit, hosted a 2023 webinar focused on strengthening financial crime defenses within the rapidly evolving payments…
- Update on Bank of England and FCA Memorandum of Understanding on the supervision of market infrastructure and payment systems
Standard or Guidance · 9 February 2021
The Memorandum of Understanding (MoU) between the Bank of England (the Bank) and the Financial Conduct Authority (FCA) serves as the formal framework for cooperation in the supervision of Financial…
- Our approach to cyber security in financial services firms
Speech · 20 September 2016
In 2016, Nausicaa Delfas described cyber risk as an "asymmetric threat"—one that is far easier to perpetrate than to defend against. At that time, the FCA was beginning to shift its focus from seeing…
- Cyber and technology resilience in UK financial services
Speech · 27 November 2018
In a 2018 address at Bloomberg, Megan Butler, the FCA’s Executive Director of Supervision, presented a candid assessment of the escalating technology and cyber risks facing the UK financial sector.…
- Frameworks for effective fraud prevention measures
Speech · 16 September 2024
The Regulatory Decisions Committee (RDC) is a critical component of the Financial Conduct Authority’s (FCA) governance, functioning as an independent committee of the FCA Board. Its primary mission…
- Getting culture and conduct right - the role of the regulator
Speech · 12 July 2016
In a landmark 2016 address, Jonathan Davidson, the FCA’s Director of Supervision, detailed the regulator's strategic focus on firm culture as a primary driver of conduct. Defining culture as the…
- FCA Enforcement and the Wholesale Markets
Speech · 26 November 2014
In November 2014, Tracey McDermott, then-Director of Enforcement at the FCA, delivered a keynote address at the FX Week Europe conference emphasizing the urgent need to restore trust and integrity to…
- Operational resilience
News · 13 May 2017
The Financial Conduct Authority defines operational resilience as firms’ ability to prevent, adapt to, respond to, and recover from disruptions while maintaining critical services within defined…
- Jessica Chew Cheng Lian: Opening remarks - National Resolution Symposium
Speech · 17 October 2023
In this insightful opening address, Deputy Governor Jessica Chew Cheng Lian underscores the critical importance of a robust resolution framework as the "metaphoric umbrella" that protects the…
- Principles for Sound Management of Operational Risk (PSMOR) - Executive Summary
Speech · 26 April 2023
The 2021 revisions to the Principles for the Sound Management of Operational Risk (PSMOR) emphasize a "tone from the top" governance structure, placing the primary responsibility for risk culture on…
- Group of Ten - Electronic Money - Consumer protection, law enforcement, supervisory and cross border issues
Report · 31 August 1997
G10 Other | 01 September 1997PDF full text (187kb) | 45 pagesSummary and conclusionsIn June 1996, the G-7 Heads of State called for a cooperative study to investigate the implications of recent…
- Jessica Chew Cheng Lian: Evolving governance, risk and control in the digital age
Speech · 9 December 2019
In her 2019 opening remarks at the Conference on Governance, Risk and Control, Bank Negara Malaysia (BNM) Deputy Governor Jessica Chew Cheng Lian addresses the "Age of Disruption," where central…
- Basel Committee issues principles for operational resilience and risk
Speech · 30 March 2021
The 2021 update by the Basel Committee on Banking Supervision (BCBS) introduced two landmark documents: the Principles for Operational Resilience and the Revised Principles for the Sound Management…
- Basel Committee consults on principles for the sound management of third-party risk
News · 8 July 2024
In July 2024, the Basel Committee on Banking Supervision (BCBS) issued a consultative document proposing 12 high-level Principles for the Sound Management of Third-Party Risk. This update marks a…
- Basel Committee releases consultative documents on principles for operational risk and operational resilience
News · 5 August 2020
In August 2020, the Basel Committee on Banking Supervision (BCBS) issued a landmark consultative document focused on enhancing the global banking sector's ability to withstand, adapt to, and recover…
- Steven Maijoor: Managing climate and environmental related risk - stepping up the pace
Speech · 8 February 2023
In his 2023 address, Steven Maijoor, Executive Director of the Netherlands Bank (DNB), identifies a critical paradox in the digital age: while financial institutions have morphed into "IT companies…
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