Katie Stephen

Katie Stephen, a financial services lawyer from Norton Rose Fulbright, dives into the FCA’s updated Conduct Rules that now extend to non-banking sectors. She discusses the evolving workplace culture and compliance challenges firms will face. Significant topics include the delineation between public and private behavior, particularly around social media, and the intricate balance between employment law and financial regulations. Katie highlights crucial next steps for firms to align with these new guidelines while managing misconduct effectively.

Katie Stephen and Celia Cohen discuss key regulatory risks in the UK and US regarding ESG issues, emphasizing the risks of greenwashing, individual accountability, reputational concerns, and the importance of practical steps to manage these risks, including staying informed, risk management, training, and effective response to ESG issues.

David Harris and Katie Stephen discuss recent developments in sanctions enforcement for regulated firms, including the role of OFSI, NCA, SFO, and FCA. They highlight the impact of asset tracing and recovery, enforcement risks and suggestions for mitigation, and actions to be taken when breaches of sanctions regime are identified.