20 Dec, 2023 Cyber focus: UK regulators publish 2023 CBEST findings By Simon Treacy In the last few years, cyber and operational resilience has shot to the top of financial regulators’ agenda. And as wave after wave of...
20 Dec, 2023 On Consumer Duty, some inspiration - and words of warning - for retail banks By Duncan Campbell The FCA has published findings of its multi-firm review of retail banks' Consumer Duty implementation. A broken record This review was on...
20 Dec, 2023 The PSR's final decision on fighting APP scams has landed By Olivia Murphy The Payment Systems Regulator's policy statement on its new reimbursement requirement for victims of APP fraud has landed right before...
15 Dec, 2023 ESAs release second batch of DORA level 2 standards By Raza Naeem Jimi Piggott-Bader Simon Treacy The EU’s Digital Operational Resilience Act starts to apply in January 2025. Before then the European Supervisory Authorities need to put...
14 Dec, 2023 PRA and FCA consult on updates to guidance on the prudential assessment of acquisitions and increases in control By Jimi Piggott-Bader The PRA and the FCA have opened a consultation (CP25/23) on plans to replace the EU's non-binding guidelines on the prudential assessment...
13 Dec, 2023 Prioritisation and sequencing: FCA doubles down on savings rates - and says Consumer Duty enforcement is coming By Quynh McGrath Elizabeth Dowd FCA Chair Ashley Alder and CEO Nikhil Rathi just appeared before the Treasury Committee. They reported on various areas of interest...
13 Dec, 2023 Financial Regulation Legal Outlook 2024 By Rakhee Pattani Our Financial Regulation Outlook 2024 explores the key regulatory developments that we expect to see in the Banking, Asset Management and...
07 Dec, 2023 Get ready: Principles-based regulation is coming to (some) tech firms By Duncan Campbell Financial services firms are familiar with the UK financial services regulators' Principles-based regulation. And with the most optimal...
06 Dec, 2023 On Consumer Duty, keep being proactive: FCA By Duncan Campbell Over 6000 people beat down the door of the FCA's Consumer Duty webinar on 6 December 2023. So many that the FCA's systems were...
05 Dec, 2023 Technology Working Group sets out its vision for implementing UK fund tokenisation By Premlata Fagan In a recent speech the FCA highlighted “supporting technological advance” as one of its three main priorities for reform of the asset...
05 Dec, 2023 Asymmetry between Big Tech and financial services firms - opportunities for the Consumer Duty? By Jankee Gohil Having spent quite a lot of time over the last year advising on the Consumer Duty (the “Duty”), the FCA’s Call for Input on ‘Potential...
04 Dec, 2023 FCA sets out temporary measures for investment firms' cost disclosure By Premlata Fagan Stephen Clipsham The FCA will allow investment firms to provide additional information, including cost breakdowns, on their key investor documents (KIDs)...