The offering aims to help financial institutions strengthen compliance, reduce operational costs and combat financial crime.

The regulator says it wants to "avoid additional burdens on firms at this time".

The regulator has also abandoned plans to introduce diversity and inclusion rules.

In the latest three-month period, around 280,000 mortgages locked into a new deal up to six months ahead of maturity.

The government says unnecessary regulation will be cut to boost growth.

The FCA may also consult separately on changes to its rules.

The regulator says it wants to "consider further improvements quickly".

44% of vulnerable customers reported a negative experience with financial services firms.

The pair were convicted for their roles in connection with loans to the Republic of Mozambique.

Ülkü Doğan, consultant at Pathlight, highlights new requirements for firms to notify the FCA of material third party arrangements, including non-outsourcing arrangements.