The companies, products and regulatory developments shaping the broker industry.
The FCA and PRA's proposed Senior Managers and Certification Regime overhaul would reduce administrative checks but preserve individual accountability; some changes still need legislation.
Phase 2 would replace approval with notification for selected senior roles while retaining checks for CEOs, CFOs and chairs; responses close 22 January 2027.
The reported review concerns how loan-linked derivatives fit the trading-book rules and the capital framework.
Selected banking, insurance and credit-union thresholds would rise with nominal GDP from July 2031. Five-year updates and a two-significant-figure rounding rule would give firms a common schedule for recalibrating reporting and governance requirements.