The European Banking Authority (EBA) has announced that the results of the 2025 EU-wide stress test, including individual results for participating banks, will be published on 1 August 2025 at 18:00 CEST. The baseline scenario is based on projections from national central banks as of December 2024, while the adverse scenario reflects key financial stability risks identified by the European Systemic Risk Board (ESRB), the EBA and the European Central Bank (ECB) in late 2024. The stress test methodology incorporates the new EU banking package effective since 1 January 2025 and is intended as a risk assessment exercise rather than an evaluation of regulatory changes.

Post traumatic stress disorder. PSLA of £20,000. Pain as a result of being awake during breast surgery. Following use of general anaesthetic and medication for a breast augmentation surgery, the Claimant regained awareness prior to surgery but felt paralysed and could not communicate when the surgeon was making the first incision. The Claimant experienced pain as a result of being awake during breast surgery and suffered from distress, daily flashbacks and an effect on her sleep and concentration levels.

The Prudential Regulation Authority (PRA) has published the insurer-specific results for the 2025 Life Insurance Stress Test (LIST 2025).  The results are contained in Annex 4 to the sector-wide findings published on 17 November 2025. Annex 4 sets out detailed outcomes for 11 participating UK life insurers, including changes in solvency capital requirement (SCR) coverage, SCR and Eligible Own Funds as of 31 December 2024 and the effects of management actions under the core stress scenario.

The three European Supervisory Authorities (the European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority—ESAs) have published a joint consultation paper on 27 June 2025 containing draft guidelines for integrating environmental, social and governance (ESG) risks into supervisory stress tests for banks and insurers. Developed pursuant to Article 100(4) of the Capital Requirements Directive (Directive 2013/36/EU) and Article 304c(3) of the Solvency II Directive (Directive 2009/138/EC), the guidelines aim to ensure consistency, long-term considerations and common standards in ESG stress testing methodologies across the EU financial sector. They outline expectations for competent authorities regarding the design, governance and operational features of such stress tests, including the need for relevant expertise, access to high-quality ESG data and appropriate timelines for scenario analysis. Responses are sought by 19 September 2025, with a public hearing scheduled online for 26 August 2025.

Article 28 of the EU Money Markets Funds Regulation (MMF Regulation) provided that the European Securities and Markets Authority (ESMA) would develop guidelines with a view to establishing common reference parameters of the stress test scenarios to be included in the stress tests that MMFs or managers of MMFs are required to conduct.

The European Banking Authority (EBA) has published the final methodology, draft templates, and template guidance for its 2025 EU-wide stress test. The exercise is set to commence in January 2025 with multiple submission rounds between April 2025 and July 2025. Results are scheduled for publication in early August 2025. The EBA has adjusted the timeline to accommodate industry feedback and the entry into force of the revised EU Capital Requirements Regulation and EU Capital Requirements Directive (EU CRR III /EU CDR VI).

Law360: The Bank of England (BoE) has said that the pensions sector has significantly improved its financial and operational resilience since the crisis that hit liability-driven investment (LDI) funds in 2022.

The Prudential Regulation Authority (PRA) has confirmed that the 2026 Dynamic General Insurance Stress Test (DyGIST) will commence in May 2026, with the objectives and format remaining as outlined in its original announcement. The PRA intends to invite the insurers listed in its announcement (representing over 80% of the PRA-regulated general insurance market) to participate. A workshop for participating firms will be held in September 2025 to provide further logistical details, followed by an additional session involving vendors, brokers and trade bodies. Final scenarios will be shared during the live phase of the exercise, and results will be published at the sector level.

The European Central Bank (ECB) has published good practices for climate and nature (C&N) risk management, based on observations from its five-year C&N risk programme (2020-25). It has also published good practices for C&N-related risk stress testing.

The Bank of England (BoE) has published its final report on their system-wide exploratory scenario (SWES) exercise, which explores how the UK financial system would respond to a market shock. It is the first exercise of its kind globally, and aims to enhance understanding of the risks from non-bank financial institutions (NBFIs) and how their behaviours can amplify shocks in markets core to UK financial stability.

There are three types of misrepresentation: • fraudulent misrepresentation; • negligent misrepresentation; and • innocent misrepresentation The remedies vary for each type of misrepresentation and therefore more information is required regarding the context in which the misrepresentation has occurred. The starting point is however, that, the court will award damages to the injured party for losses caused from relying on the misrepresentation (Livingstone v Rawyards Coal Co). Fraudulent misrepresentation would occur where the vendor had deliberately made a false representation to the buyer without belief in its truth or recklessly see (Derry v Peek). In quantifying the damages payable, the court confirmed in Eco 3 Capital Ltd v Ludsin Overseas Ltd that a false representation must be made, the vendor must know it is false/reckless

The Bank of England (BoE) and the Prudential Regulation Authority (PRA) have published a letter to PRA-regulated firms and financial market infrastructure firms (FMIs) following the 2024 Cyber Stress Test (CST24). The voluntary exercise asked participants to model the impact of a cyber-attack affecting transaction settlement, across three variations: (i) a suspected attack, (ii) a confirmed attack and (iii) a prolonged disruption. The test was designed to explore the operational, financial and confidence impacts of such an incident and to support firms in strengthening their operational resilience. The letter includes annexes with tools for identifying financial stability impacts, mitigation strategies and scenario severity amplifiers to support more robust resilience planning. The BoE encourages all firms to consider the materials and insights as part of their ongoing preparedness activities.