Recent Updates To The FCA's And PRA's "To Do" List

We love a "to do" list! So, following a flurry of announcements from the FCA and publication of the Treasury's Action Plan aimed at overhauling the current regulatory landscape, what is on the financial regulators' "to do" list for the next few months? We will start with what is notably no longer on the list, before turning to some significant updates to what is. The FCA and PRA have extended some of their deadlines, but they still have plenty to do "before the summer" and beyond.

What is no longer on the "to do" list?

Controversial plans to "name and shame" firms

Last week, on 12 March 2025, the FCA announced its decision, having written to the Treasury Select Committee the day before, to abandon its controversial plans to routinely "name and shame" firms under investigation – at least insofar as they relate to regulated firms. This decision came after significant backlash from industry stakeholders and politicians. BCLP was amongst the stakeholders who raised