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UK and EU financial services regulatory round-up: FCA authorisations, CBEST 2025 cyber resilience, ECB/ESRB geoeconomic risks, and ECB operational priorities 2026–28

Published on: 22 January 2026

Published by a LexisNexis Financial Services expert
Legal News
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Financial services developments FCA’s Sheree Howard discusses authorisation process and economic growth

The Financial Conduct Authority (FCA) has released a speech by Sheree Howard, its executive director for authorisations, outlining the FCA’s stance as an open, pro-growth regulator that invites new and overseas firms into the UK while upholding rigorous standards. She rebutted myths about delays and lack of clarity in authorisations, noting that over 99% of cases conclude within statutory timeframes, with many finalised far sooner than anticipated. Speaking at an FCA Gateway to growth event, Howard stressed that a competitive, well-supervised financial services industry underpins the UK economy and affirmed the FCA’s support throughout the authorisation journey. She highlighted initiatives including the Pre-Application Support Service (PASS), ‘minded to approve’ decisions, tailored sandbox assistance, and strengthened oversight for high-growth firms. Source: Screening for success: Opening the gateway to growth

FCA, PRA and BoE publish CBEST 2025

The FCA, the Prudential Regulation Authority (PRA) and the Bank of England (BoE) have issued their joint 2025 CBEST Thematic publication, sharing insights drawn from recent assessments carried out across firms and financial market infrastructures (FMIs)...

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