Coronavirus (COVID-19)

This Overview is a guide to the Financial Services content on the coronavirus (COVID-19) pandemic, with links to appropriate materials.

In response to coronavirus, UK and EU regulators (among other, the Financial Conduct Authority (FCA), the Bank of England (BoE) and the European Supervisory Authorities (ESAs)) have taken steps to support regulated firms, their customers, financial stability and the functioning and integrity of financial markets. Regulatory, supervisory and prudential measures and guidance are evolving and have focused on key areas, including:

•
business contingency planning and operational risk management
•
financial support for businesses and households
•
financial services ‘key workers’ (whose children can remain in school)
•
global fiscal and health response
•
market disclosures
•
financial reporting
•
relaxed prudential requirements,

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

TAKE A FREE TRIAL

Latest Financial Services News

FOS publishes strategic plans and budget for 2025/2026

The Financial Ombudsman Service (FOS) has published its strategic plans and budget for 2025/2026. The FOS aims to increase case resolutions by 20% to address the backlog built up due to exceptional short-term demand in the FOS’ consumer credit and fraud and scams areas. The remainder of outstanding complaints are impacted by the Financial Conduct Authority’s (FCA) pause on motor finance complaints due to ongoing legal and regulatory action. The FOS has also announced a freeze on case fees and levies for 2025/2026, and committed to providing firms with better insight on complaint trends.

ESMA consults on extending simplified insider list formats under Listing Act

The European Securities and Markets Authority (ESMA) has issued a consultation paper on draft implementing technical standards (ITS) for insider lists as part of Listing Act amendments to the Market Abuse Regulation 596/2014(MAR). The proposal aims to extend the simplified insider list format, currently used by small and medium enterprises (SME) growth market (GM) issuers, to all issuers. Responses are sought by 3 June 2025 and ESMA aims to submit the final ITS to the European Commission in Q4 2025.

CP25/6: PRA and FCA consult on amending PRA Rulebook and the FCA guidance on LTI ratios in mortgage lending

The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have published joint consultation paper CP25/6, proposing amendments to the Housing Part of the PRA Rulebook and to FCA general guidance in order to give effect to the Financial Policy Committee's (FPC) November 2024 recommendation on loan to income (LTI) ratios in mortgage lending. The proposed amendments concern increasing the de minimis threshold for the Loan to Income (LTI) flow limit in mortgage lending from £100m to £150m per four rolling quarters. This aims to address inadvertent regulatory tightening by increasing the value of residential mortgage lending that small lenders can extend before becoming subject to the LTI flow limit. Responses are sought by 8 May 2025, the limited consultation period reflects the narrow scope of the proposal and aims to ensure a swifter implementation.

ESMA publishes first code package of GitHub

The European Securities and Markets Authority (ESMA) has published its first code package on the public code repository GitHub to promote the availability and usage of its data. This package includes tools to search and download data from ESMA's public registers.

View Financial Services by content type :

News