Alastair Holt and Simon Treacy have co-authored the UK chapter for the latest edition of GLI’s Banking Regulation 2022.

The Government’s post-Brexit vision for financial services envisages the UK as a more open, competitive and technologically advanced financial centre. A future regulatory framework is being shaped that aims to be more proportionate, avoid unnecessary burdens on banks and allow for more responsive rule-making. And plans for the UK to be a world leader in green finance mean that banks are preparing for more scrutiny of how they manage environmental, social and governance risks and for compliance with incoming ESG-related regulations.

There will be much to do in the coming months and years to keep track of and implement the changes in regulation that will follow.