29 Feb, 2024 FCA enforcement's great reset: "boil the kettle not the ocean" By Duncan Campbell Sara Cody FCA Enforcement co-heads Therese Chambers and Steve Smart have fired the starting gun on their long-awaited refresh of the FCA's...
09 Feb, 2024 Financial services interventions and enforcement trends for 2024 By Nikunj Kiri Sara Cody Duncan Campbell In the next couple of months we'll see the FCA enforcement heads articulate their vision and direction for interventions and enforcement...
19 Jan, 2024 Feeling the pressure: the FCA is asking firms about non-financial misconduct and NDAs By Elizabeth Dowd Duncan Campbell The Treasury Committee this week in its “Sexism in the City” inquiry expressed concern that the industry is falling short on...
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...
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...
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...
20 Nov, 2023 In the Julius Baer case, a costs order with a real sting in the tail By Duncan Campbell Upper Tribunal Judge Herrington - sitting in retirement - has delivered a final blow to the FCA with a partial costs order in Seiler v...
01 Nov, 2023 Consumer Duty: metaphor, messages and sabre-rattling By Duncan Campbell The FCA is waxing lyrical about how central the Consumer Duty is to its work. Its metaphors have tempered over time (remember the...
30 Oct, 2023 The Consumer Duty: data, data, data By Duncan Campbell The FCA's Annual Public Meeting is an important opportunity for FCA execs to do some market messaging. And this year, when it comes to...
20 Oct, 2023 The Consumer Duty and the Champion: a primer for boards and board members By Duncan Campbell In this post - aimed at boards and board members - we explain how the Consumer Duty can apply to companies whether or not financial...
09 Oct, 2023 Key messages from the FCA on sanctions compliance and controls By James Bowen The FCA has indicated its focus on sanctions compliance and control measures in the UK regulated sector on a number of occasions since...
05 Sep, 2023 FCA opens consultation to move IDD level 2 measures for insurance firms into its Handbook By Jimi Piggott-Bader The FCA has opened a consultation (CP23/19) on moving a tranche of retained EU 'delegated regulations' - linked to the Insurance...
20 Aug, 2023 Have crypto, will travel - FCA sets out Travel Rule expectations for UK cryptoasset businesses By Jimi Piggott-Bader The FCA has set out its expectations for cryptoasset firms in complying with the incoming 'Travel Rule'. Under the Rule - which comes...