United Kingdom: FinTech

The Financial Ombudsman Service (FOS) has published a policy statement outlining the operational reforms it will take forward following a joint consultation with the FCA.

On 14 July 2026, HM Treasury (HMT) published a consultation on modernising the UK regulatory framework for payment services and electronic money (the Consultation). The proposals would amount to the most significant restructuring of the regime since the Payment Services Regulations 2017 (PSRs) and Electronic Money Regulations 2011 (EMRs) were introduced.

In a statement, the FCA explains that it is concerned about a number of risks it has identified among unregulated lenders, safe custody providers, money brokers and financial leasing companies...

This comprehensive regulatory roundup examines the latest FinTech developments across global jurisdictions for the week ending 3 July 2026. From the FCA's finalisation of the UK cryptoasset regime and the Bank of England's stablecoin framework to AMLA's advisory on MiCAR transitional risks and regulatory updates from Hong Kong, Singapore, Malaysia, and the US, discover how regulators worldwide are shaping the future of digital assets, payments, and financial innovation.

The UK's Financial Conduct Authority has published its final policy statements on cryptoasset regulation, marking a pivotal moment after years of extensive consultation. With over 1,000 pages of rules and guidance now finalized, firms face a compressed timeline to prepare applications before the authorization gateway opens on September 30, 2026. This briefing examines the key improvements made by the FCA, identifies remaining uncertainties, and highlights critical areas where firms should focus their implem

This comprehensive monthly bulletin tracks the latest regulatory developments across UK, EU, and US financial services sectors, covering everything from consumer duty reforms and cryptoasset frameworks to enforcement actions and supervisory convergence. The update synthesizes key policy statements, consultation papers, and regulatory guidance issued by major authorities including the FCA, EBA, SEC, and CFTC throughout June 2026.

Global financial regulators are advancing frameworks for artificial intelligence, stablecoins, and digital assets while addressing heightened cybersecurity threats from frontier AI models. Central banks and supervisory authorities across jurisdictions are establishing new working groups, issuing guidance, and signing cross-border cooperation agreements to manage emerging risks in tokenization, perpetual contracts, and payment system interoperability.

The Bill aims to deliver key aspects of the Leeds Reforms, drive modernisation of regulation of the financial services sector, enable growth, and make consumer protections and redress fit for the digital age.

The UK government has introduced new sanctions targeting cryptocurrency networks and digital asset services that facilitate sanctions evasion, marking a significant expansion of its Russia sanctions regime. These measures aim to close loopholes exploited by designated persons and entities seeking to circumvent financial restrictions through crypto channels.