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UK Consumer Duty: FCA gives more implementation feedback and some focus areas for closed books work

On 20 February 2024, the FCA published details of recent good practice in Consumer Duty implementation and highlighted areas for improvement. As well as this, the FCA also published the...

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UK: FCA Business Plan 2024/25: a quick guide to the FCA’s key priorities

On 19 March 2024, the FCA published its Business Plan for 2024/25 setting out its planned programme of work for the coming year. The FCA states that it remains resolute in supporting the...

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Financial Institutions Horizons 2024

If you had told me that we would leave 2023 having lost one of Switzerland’s largest banks, and yet also emerge relatively unscathed (at least by 2008 standards), I would have found...

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UK Consumer Duty: Closed products and board reports are key focus areas ahead of July 2024 deadline

From 31 July 2024, the FCA's Consumer Duty will apply to closed products and services (that is, products that were closed prior to the 31 July 2023 deadline for new and existing...

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UK Financial Services Regulatory Initiatives Forum publishes seventh edition of Grid

The eagerly awaited seventh edition of the Financial Services Regulatory Initiatives Grid was published on 30 November 2023 by the Financial Services Regulatory Initiatives Forum. The...

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UK Financial Services Regulatory Initiatives Forum publishes seventh edition of Grid

The eagerly awaited seventh edition of the Financial Services Regulatory Initiatives Grid was published on 30 November 2023 by the Financial Services Regulatory Initiatives Forum. The...

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UK - Retained EU Law (Revocation and Reform) Act 2023 – quick guide on the key points

The Retained EU Law (Revocation and Reform) Act 2023 received Royal Assent on 29 June 2023. We set out below the key provisions and objectives of this wide-ranging Act.

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UK: Financial Services and Markets Act 2023

Hailed as a landmark piece of legislation and a once in a generation reform to the UK financial services sector, the new Financial Services and Markets Act 2022-2023 which received Royal...

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UK Consumer Duty: FCA outlines expectations on fair value assessments as July deadline looms

In a speech marking less than three months until the first Consumer Duty implementation deadline, the FCA has warned that firms can expect swift action if they ignore the Duty or pose the...

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