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UK and EU financial services update: FCA open finance outcomes, mortgage rules roadmap, 2027 cryptoassets regime; Mirabella probe closed; ESMA derivatives transparency RTS; EBA/ECB payment fraud report

Published on: 15 December 2025

Published by a LexisNexis Financial Services expert
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Financial services developments

FCA publishes outcome report from Open Finance Sprint 2025

The Financial Conduct Authority (FCA) has unveiled a new webpage alongside the outcomes report from its Open Finance Sprint 2025. Over two days, specialists convened to examine the core building blocks required for open finance and data-led financial services. The outcomes report collates and distils the materials created by sprint attendees. It presents a common view of how an open finance ecosystem might evolve over time, anchored in trustworthy data usage, explicit consent, resilient technology and wide participation. According to the FCA, the document captures participant contributions rather than its own policy stance. Attendees depicted an open finance landscape that is more open, safer and more personalised, with offerings tailored to the needs of consumers and firms. They highlighted the importance of robust data rights, transparent consent, and an ecosystem able to facilitate secure data-sharing across a range of sectors. The FCA also signalled plans to deepen work on the technology and infrastructure layers of open finance, prioritising architecture, interoperability, and the systems necessary to enable trusted data sharing. Further updates are expected in due course...

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