Morning, Tuesday, 16th December 2025
Online
The conference will examine risk management, operational resilience, and regulatory change in the UK financial services sector.
It will bring together stakeholders and policymakers to examine proposals set out in the Financial Services Growth and Competitiveness Strategy, including implications for supervisory priorities and market conditions. It will also be an opportunity to assess the potential impact of proposed reform to the ring-fencing regime announced by the Chancellor in her July Mansion House speech, as well as changes to senior manager accountability and revised capital and loss-absorbing requirements.
Sessions in the agenda will discuss implications of these developments for prudential oversight, capacity within oversight bodies, and the balance between growth and risk.
The agenda will also look at the way forward following the end of the PS21/3 transition period for firms and regulators, looking at next steps for governance, capacity, and delivery of critical services as compliance requirements come into force. Early operation of the Critical Third Party framework will also be considered, with discussion expected on disruption risks, accountability, and supervisory responsibilities.
Further sessions look at stress-testing exercises and wider assessments of systemic risk. Delegates will consider findings from the Bank of England’s latest scenario testing for major institutions, alongside implications for capital planning and regulatory direction, and the Financial Policy Committee’s assessment of external threats to stability, including their potential influence on policymaking, market preparedness, and coordination between oversight bodies.
With the agenda currently in the drafting stage, overall areas for discussion include:
- operational resilience framework: PS21/3 compliance expectations after March 2025 - enforcement priorities - internal governance and oversight implications
- critical third party oversight: implementation of the PS16/24 system - designation process and scope - responsibility for service failures with widespread impact
- reporting proposals: scope of reporting obligations - improving clarity - avoiding duplication across regulatory frameworks
- international consistency: divergence from EU DORA and global regimes - effects on cross-border providers - risks from conflicting compliance requirements
- policy and reform: changes under the Growth and Competitiveness Strategy - updates to management responsibilities and bank separation rules - impact on confidence and regulatory priorities
- capital rules and thresholds: changes to capital requirements - implications for business planning - expectations for investors and credit rating agencies
- stress scenario findings: results of the 2025 Bank of England exercise - responses to adverse conditions - planning and resource implications for firms
- financial stability outlook: risks highlighted by the FPC - external economic pressures - coordination between oversight bodies
