Authors

Charlotte Hill

Partner

Read More

Daniel Hirschfield

Senior Professional Support Lawyer

Read More

Clare Reynolds

Senior Counsel

Read More

Katie Fry-Paul

Associate

Read More
Authors

Charlotte Hill

Partner

Read More

Daniel Hirschfield

Senior Professional Support Lawyer

Read More

Clare Reynolds

Senior Counsel

Read More

Katie Fry-Paul

Associate

Read More

1 June 2021

COVID-19: how the UK financial regulators are responding

  • IN-DEPTH ANALYSIS

The UK financial services regulators (the Financial Conduct Authority (FCA), the Payment Systems Regulator (PSR), the Bank of England (BoE) and the Prudential Regulation Authority (PRA)) are closely monitoring the COVID-19 situation and have all taken measures to seek to protect markets and consumers and to ensure firms have adequate contingency plans in place.

The outbreak came at a pivotal time for financial services regulation and the UK regulators have considered the pandemic in their policy papers on the subject (see our briefing on the new operational resilience for more details). Operational resilience is a key priority for the regulators and COVID-19 has brought this to the limelight.

The following webpages set out the measures taken by the UK financial services regulators to date and key points firms should be aware of.

We have summarised the response of the European financial regulators separately.

Help is at hand

If you would like to discuss any of the points arising out of the regulators' announcements or need assistance with reviewing your contingency plans, please get in touch with a member of the tea

 
Call To Action Arrow Image

Latest insights in your inbox

Subscribe to newsletters on topics relevant to you.

Subscribe
Subscribe

Related Insights

Smartphone and holding credit card with laptop
Financial services regulatory

Regulation of Buy-Now Pay-Later: government publishes its response to consultation

21 June 2022
Quick read

by Charlotte Hill and Daniel Hirschfield

Click here to find out more
low angle of futuristic sky scrapers
Financial services regulatory

UK DORA? Government sets out plans to legislate for direct regulation of 'critical' third parties to the finance sector

9 June 2022
In-depth analysis

by Clare Reynolds

Click here to find out more
Windows of modern futuristic glass
Financial services regulatory

Financial services regulatory update - June 2022

9 June 2022

by Charlotte Hill and Daniel Hirschfield

Click here to find out more