On 5th May 2022, the Bank of England (BoE) announced the latest base rate of 1%, increasing from 0.25%, with potential continued small rises to inflation and prices. The latest Regulatory Initiatives Grid (RIG) also references the cost of living crisis: "we will have a pivotal role in supporting consumers, particularly those in vulnerable circumstances. We stand ready…" and warns there could be changes to the RIG as a result.
In our latest regulatory update David Morrey discusses the latest developments including: the cost of living crisis, the Prudential Regulation Authority Business Plan (PRA) 2022/23, Regulatory Initiatives Grid, and speeches from the regulators covering topics of cryptocurrency – sharing insight on how firms can prepare for the changes ahead.
PRA publishes Business Plan 2022/2023
Stay up to date with our latest round up of financial regulation.
The FCA’s final UK SRS rules introduce new ISSB-aligned sustainability and climate disclosure requirements from 2027. Explore the key changes, scope, transitional reliefs and practical steps for implementation.
A looks at the FCA's new wind-down planning requirement for cryptoasset firms as the authorisation gateway opens, and why firms should start preparing their wind-down plan now.
