
HM Treasury’s 2025 policy update outlines a shift from the EU‑derived Capital Requirements Regulation to a UK‑specific framework built on the Financial Services and Markets Act 2000. The Treasury will revoke parts of the CRR and replace them with rules that embed the final Basel 3.1 reforms, with the Prudential Regulation Authority set to apply these from 1 January 2027. The update also details extended consultation deadlines for overseas recognition regimes, key CRR definitions, and draft legislation, while introducing a simplified capital regime for Small Domestic Deposit Takers. Recent FCA and PRA papers propose further securitisation reporting simplifications.

Professor Brian Bell has been appointed as the Treasury’s chief economic advisor, taking up the post on 9 March. He will serve as the principal adviser to Chancellor Rachel Reeves and Prime Minister on macro‑economics and fiscal policy, overseeing the department’s...

The UK government has opened a consultation to amend the Appointed Representatives (AR) regime, which lets non‑financial firms provide financial services without full authorisation. The move follows an August 2025 policy statement that flagged weak oversight of certain ARs and the...

The UK Treasury announced an update on the Digital Gilt Instrument (DIGIT) pilot, selecting HSBC’s Orion platform as the technology provider and Ashurst LLP for legal services. The competitive tender, launched in October 2025, aims to test distributed‑ledger technology for...

HM Treasury hosted U.S. Treasury officials and regulators in London on 26 January 2026 for senior‑level industry engagement of the Transatlantic Taskforce for Markets of the Future. The dialogue explored ways to tighten capital‑market links and coordinate on digital‑asset policy. The Taskforce,...

HM Treasury released the Supplementary Estimates for the 2025‑26 fiscal year, presented to the House of Commons on 10 February 2026. The documents request parliamentary authority for voted expenditure across all government departments, covering resources, capital projects and cash needs....

The UK‑China Financial Working Group held its inaugural meeting on 31 January 2026 in Beijing, bringing together senior officials from HM Treasury, the Bank of England, the PRA, the FCA and their Chinese counterparts from the People’s Bank of China, the Ministry...