REGULATION · UK
UK Parliament receives Financial Services and Markets bill for overhaul
UK government introduced a comprehensive Financial Services and Markets bill to Parliament, beginning the legislative process to modernize and update the UK's financial regulation framework.
WHY IT MATTERS
This signals UK willingness to reset rulebook post-Brexit; BFSI firms must monitor for AI-specific rules, operational resilience mandates, and alignment with evolving FCA guidance on model governance.
Source: Finextra · 2026-05-22