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Sofia Gerace

Italy, London

UK Financial Regulation Reporter at MLex Market Insight

UK Finance Correspondent at @mlexclusive, previously trained at @business, @ecb. RT is not endorsement, opinions are my own

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Articles

  • UK financial watchdog cuts 'unnecessary' data returns for 16,000 firms

    1 week ago | mlex.com | Sofia Gerace

    By Sofia Gerace ( April 16, 2025, 10:58 GMT | Insight) -- Approximately 16,000 firms are expected to benefit from a proposal released today by the Financial Conduct Authority aiming to cut three "unnecessary" data reporting requirements. The watchdog said the proposal is in line with the government's request to boost economic growth by easing regulations for firms.The UK financial watchdog is set to ease the data reporting requirements for 16,000 firms under a proposal unveiled today....

  • BOE governor Bailey to lead global watchdog as risks rise for non-banks

    1 week ago | mlex.com | Sofia Gerace

    By Sofia Gerace ( April 15, 2025, 15:12 GMT | Comment) -- As the Bank of England's governor Andrew Bailey is set to lead the Financial Stability Board, he faces the critical task of addressing risks from non-bank financial intermediaries.

  • UK financial sector to see updated senior managers' regime this spring

    1 week ago | mlex.com | Sofia Gerace

    By Sofia Gerace ( April 14, 2025, 12:49 GMT | Insight) -- Britain's financial sector is set to be consulted on an update to the rules around conduct and accountability of senior managers this spring. The Senior Managers & Certification Regime is likely to be simplified following concerns over its costs and administrative burdens.UK financial firms are set to be consulted on an update to the rules around conduct and accountability of senior managers this spring....

  • UK to cut red tape for asset managers marking shift from EU

    2 weeks ago | mlex.com | Sofia Gerace

    By Sofia Gerace ( April 7, 2025, 13:20 GMT | Insight) -- The UK government plans to ease regulations for alternative investment fund managers by establishing lighter rules for small and mid-sized funds. The proposal, open for feedback until June, suggests streamlining requirements for various asset management activities and reviewing regulatory reporting levels.

  • UK regulator suggests increasing deposit protection limit to GBP110,000

    3 weeks ago | mlex.com | Phoebe Seers |Sofia Gerace

    By Phoebe Seers and Sofia Gerace ( March 31, 2025, 10:18 GMT | Insight) -- The Bank of England’s regulatory arm has proposed raising the deposit protection limit of the Financial Services Compensation Scheme, or FSCS, which pays out when a bank or building society fails, to 110,000 pounds.

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sofia gerace
sofia gerace @sof_gi
18 Mar 25

RT @kbolongaro: The market needs to be ready for “more things to go wrong," as the 🇬🇧 asks regulators to help grow the economy, @TheFCA chi…

sofia gerace
sofia gerace @sof_gi
18 Mar 25

🚨 I got the chance to speak with top financial regulator Nikhil Rathi! Read here: https://t.co/a6YzoZRZtp https://t.co/xh9B2zJ03c

sofia gerace
sofia gerace @sof_gi
14 Mar 25

EU banks are set to see a consultation from the European Commission over the application of the trading rules provisions following uncertainty over the Basel 3.1 rules' application in the US and the UK. https://t.co/uVQUMjxxEY