2/12/2025 9:45:42 PM AI know it when AI see it: EU tries to clear up what an AI system is By Raza Naeem Simon Treacy The European Commission has issued guidance on what systems are artificial intelligence under the EU’s AI Act. Understanding the scope of...
2/12/2025 6:25:42 PM It’s complicated: The EU’s on-again off-again relationship with open finance By Simon Treacy Two years ago the European Commission proposed regulating how financial data is shared within the EU. Earlier this week reports suggested...
1/23/2025 10:32:24 AM EU shares key guidance on DORA By Raza Naeem James Morris Simon Treacy Can a financial service be an ICT service? This question often came up in the course of implementing the EU’s Digital Operational...
1/14/2025 11:38:05 AM PRA Dear CEO letter on 2025 supervisory priorities for insurance firms By Premlata Fagan On 9 January 2025, the PRA published a Dear CEO letter outlining its 2025 supervisory priorities for the UK insurance sector. This...
1/10/2025 12:09:09 PM Insurance and Pensions Regulation: 25 for 2025 By Alastair Holt Jimi Piggott-Bader Premlata Fagan Clare McMullen +1 more... Show less The UK government capped off 2024 with a call to its main regulators – including the Financial Conduct Authority (FCA) – asking for ideas...
12/18/2024 11:24:17 AM EU says good-quality DORA registers are within reach By Raza Naeem James Morris Frances Hodgkins Simon Treacy +1 more... Show less Earlier this year around 1,000 firms took part in a “dry-run” to test the process for reporting registers under the EU’s Digital...
12/5/2024 11:45:57 AM Design of EU open finance rules set to move to next stage By Raza Naeem Simon Treacy The EU plans to require financial services firms to open up the data they hold for customers. Last year the European Commission proposed...
11/15/2024 9:02:09 AM Growth and competitiveness - a new strategy By Elizabeth Dowd Rachel Reeves has used her first Mansion House speech as Chancellor to put forward reforms aimed at making the UK financial services...
11/7/2024 7:04:05 PM FCA sets out the regulatory framework for pensions dashboard service firms By Premlata Fagan The FCA has today published its long awaited Policy Statement PS24/15 and its final handbook rules and guidance setting out the...
7/4/2024 12:31:30 PM EU institutions explore AI in financial services By Simon Treacy As our mid-year legal outlook shows, the legal impact of AI adoption is not limited to the tech sector. Financial services firms are...
6/28/2024 4:21:06 PM Welcome FCA guidance on monitoring under the consumer duty By Sara Cody The FCA has published its findings from a review of larger insurance firms’ approaches to outcomes monitoring under the consumer duty....
6/28/2024 2:49:24 PM Bridging the Gap – FCA permits the return of GAP insurance By Sara Cody This week, I bought a car. On Monday morning, as I was dotting the ‘i’s and crossing the ‘t’s on the finance documents, the sales...
4/15/2024 7:57:09 AM EIOPA lays down expectations for third-country reinsurance supervision By Jimi Piggott-Bader The European Insurance and Occupational Pensions Authority (EIOPA) has issued a supervisory statement laying down expectations for the...
3/21/2024 12:16:20 PM FCA publishes findings on how firms provide retirement income advice (firms providing personal recommendations on investments should also take note) By Premlata Fagan On 20th March, the FCA published a report on the outcomes of its thematic review (TR 24/1) on retirement income advice. In this report,...
1/29/2024 11:29:08 AM PRA consults on plans to bolster insurers' solvent exit planning By Jimi Piggott-Bader The PRA has opened a consultation (CP2/24) on how insurers prepare to execute solvent exits. All PRA-regulated insurers – other than...
10/4/2023 9:23:44 AM PRA to run dynamic general insurance stress test in 2025 with a "significant shift" from previous exercises By Premlata Fagan The PRA has announced that it intends to run a dynamic general insurance stress test in 2025. Little detail has been provided at this...