Financial Services Regulation

This network is for financial professionals interested in staying up to date on financial services regulation happening anywhere in the world. CFOs, bankers, fund managers, treasurers welcome.

Retired Member 

Consumer Duty: Five questions to test your organisation’s preparedness

As the first quarter of 2023 draws to a close, Financial Services Institutions (FSIs) are one step closer to needing to demonstrate compliance with the Financial Conduct Authority’s (FCA) Consumer Duty. Coming into force for most FSIs on 31 July 2023 (or 30 April for manufacturers and investment businesses that produce, issue, design or build fina...

27 March 2023 /regulation /retail

Nick Green Director at Purple Patch Broking Ltd

The FCAs data priorities through to 2025 (the 4 most important)

Keeping up with regulations is one of the toughest challenges facing the financial service sector. That’s why the FCA is prioritising data and innovation as a key feature of its Business Plan 2022/23, accompanied by its three-year strategy 2022-2025. Emerging themes include data quality, CRA transparency, Big Tech, and data for BNPL firms. If you...

21 March 2023 /regulation /retail

Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com

In This Story, Short Sellers Are Not The Bad Guys

There’s been a deluge of press about the collapse of Adani Group after a report from Hindenburg Research which accuses Adani Group of: stock manipulation, improper use of offshore tax havens to hide the amount of Adani’s family stock ownership in the group companies, and excessive valuations. Hindenburg releases this report and acknowledges that i...

15 February 2023 /regulation /markets

Nick Green Director at Purple Patch Broking Ltd

Have It All: How are Banking and Finance Unlocking Multi-Bureau Data Strategies?

For Banking and Finance, adopting a multi-bureau credit data strategy is often dismissed as “too hard to switch”, “too expensive” or “not important enough”, but this is set to change. The FCA recently set out its interim findings from the credit information market study. The study found one of the key aspects of the market not working well is “sign...

24 January 2023 /regulation /retail

Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com

A Busy Fourth Quarter for Foreign Direct Investment

It was a busy fourth quarter for regulations concerning foreign direct investment. It seems that not all were watching the World Cup. Several jurisdictions issued consultations concerning qualified holdings and investment screening: EU ECB – issued consultation (now closed) on a draft Guide which aims to increase transparency by clarifying the ECB...

09 January 2023 /regulation /markets

Retired Member 

The climate reporting challenges facing the financial services sector

In November, digital transformation companies, fund operators and other key stakeholders convened at the annual Fund Operator Summit to consider the major challenges facing the financial services sector in the coming years. One of the key themes of the discussions that took place emphasised how climate reporting is now more critical than ever. I...

09 December 2022 /regulation /wealth

Christopher Colley Industry-recognized CX leader at Financial Services

Three-step plan for Consumer Duty (and other customer-focused regulation)

As financial institutions worldwide battle the headwinds of tighter monetary policy and slowing economic growth, they are having to do so in an environment of increased regulatory scrutiny. Last month, the European Supervisory Authorities (ESAs) laid out their requirements for the disclosure of financial products' exposure to fossil gas and nucle...

22 November 2022 /regulation /retail

Retired Member 

The role of digital transformation in supporting modern businesses in the financial services sector

Over the past few years, the financial services sector has undergone a complex regulatory evolution. Even past the usual flow of regulation change and shifting reporting standards, there are two key trends driving this change, and which put firms at risk of falling behind if not grappled with effectively. The first trend is the ever-growing inves...

15 November 2022 /regulation /sustainable

Harriet Christie Chief Operating Officer at Mirrorweb

FCA New Consumer Duty: The Role of Data Archiving

The UK Financial Conduct Authority’s (FCA’s) latest strategy document sets out its overarching strategy for the next three years, with the new Consumer Duty being the ‘cornerstone’. The long-awaited overhaul signifies a pivotal moment in UK financial services, as the regulator attempts to modernise the framework through which the sector is govern...

09 November 2022 /regulation /retail

Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com

Foreign Direct Investment Q3 Snapshot

Following up on my 2nd quarter foreign direct investment review, we’ll pick it up in Ireland which set out a new FDI screening rule similar to that of the UK. The Screening of Third Country Transactions Bill 2022 should be enacted before end of year and will require notification of transactions in issuers with activities affecting security or publ...

24 October 2022 /regulation /markets