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Climate (and ESG) Risk: The Growing Focus on Board Accountability
Board members are expected to have adequate knowledge and understanding of climate-related and ESG risks. By Nicola Higgs, Paul A. Davies, and David Berman Legislators and regulators around the world...
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FCA Issues Final Notice to Former Banking CEO Over Anti-Money Laundering...
The case provides instructive practical examples of the “reasonable steps” companies can take according to the FCA and a reminder of the FCA’s cultural expectations of CEOs. By David Berman, Jonathan...
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When Are CCOs on the Hook? FINRA Offers Guidance on CCO Liability
Guidance clarifies assessment of liability under Rule 3110, including designation as supervisor, application of reasonableness standard, and factors for and against charging compliance officials. By...
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The FCA’s Approach to Non-Financial Misconduct — A Further Twist
By David Berman, Nicola Higgs, Jon Holland, Andrea Monks, Rob Moulton, and Nell Perks The FCA stated that the perpetrator’s character is key to non-financial misconduct investigations, which suggests a...
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DP 23/1: FCA Publishes Discussion Paper on Sustainability-Related Governance,...
The discussion paper aims to encourage industry-wide dialogue on sustainability related-governance, incentives, and competence. By Anne Mainwaring, Sara Sayma, and Dianne Bell On 10 February 2023, the...
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UK Government and Regulators Launch SMCR Review
The tone of the papers suggests that a fundamental reform of the Regime will be unlikely. By Rob Moulton, David Berman, Jonathan Ritson-Candler, and Charlotte Collins On 30 March 2023, the PRA and the...
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The Edinburgh Reforms — Where Are We Now?
As the pace of reform increases, we take a look at key developments and the timeline ahead. Significant progress has been made on the Edinburgh Reforms since they were announced in December 2022, with...
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UK Regulators Set Out Plans on Growth and International Competitiveness
PRA and FCA speeches recap the regulators’ work to deliver growth and enhance competitiveness, and outline some key upcoming policy work. By Rob Moulton, Nicola Higgs, Becky Critchley, and Charlotte...
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The Edinburgh Reforms — Two Years On
When the Edinburgh Reforms were announced on 9 December 2022, they were billed as an ambitious set of reforms. Two years on, we assess which of the measures have been completed, which remain...
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10 Key Focus Areas for UK-Regulated Financial Services Firms in 2025
In this publication and podcast series, we explore some of the core focus areas for UK-regulated financial services firms in the year ahead. In 2024, we saw disruption to the regulatory reform agenda...
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