Risk & Regulation Rundown

In this episode, guest host Andrew Strange is joined by Stephen Pegge, Managing Director at UK Finance, and Katy Bennett, a Director leading PwC’s Diversity, Equity and Inclusion consulting business, to explore how the financial services sector is embracing diversity and inclusion (D&I).Our expert guests reflect on the enhanced regulatory focus on D&I in the sector, and discuss the challenges facing firms in meeting the proposed new regulations. Our guests also share insights on the steps firms are taking to drive positive change within the industry, including through data gathering and enhanced governance and accountability, and consider what a supervisory regime could look like. You can contact our PwC speakers if you’d like to discuss any of the topics covered, at andrew.p.strange@pwc.com and katy.e.bennett@pwc.com.To hear more from us on Risk & Regulation, you can access our regular publications at this site: https://www.pwc.co.uk/industries/financial-services/understanding-regulatory-developments.html 

In this episode, guest host Andrew Strange is joined by Alex West, PwC’s banking and payments fraud team lead, and Ben Luddington, a Director in PwC’s financial crime practice, to explore the critical role of financial services firms in tackling financial crime and fraud.Our expert guests share reflections on firms’ response to enhanced regulatory pressures, in particular through the incoming authorised push payment fraud rules, and debate the implications this will have on the banking and payment sectors. Our guests also discuss the broader operational, compliance and financial challenges facing firms in the battle against fraud and financial crime, and the key steps firms need to take to meet evolving regulatory expectations, including how to deploy technology effectively.You can contact our PwC speakers if you’d like to discuss any of the topics covered, at andrew.p.strange@pwc.com, alex.e.west@pwc.com, ben.s.luddington@pwc.com To hear more from us on Risk & Regulation, you can access our regular publications at this site: https://www.pwc.co.uk/industries/financial-services/understanding-regulatory-developments.html 

In this episode, host Tessa Norman is joined by James Williams, a Senior Manager in PwC’s Banking Conduct team, and Lin Yang, a Senior Manager in PwC’s Technology, Data and Analytics team, to share reflections on firms’ implementation of the FCA’s Consumer Duty.Our expert guests explore firms’ transition from project mode to business-as-usual,and how they can leverage innovative technology and data solutions to meet the ongoing demands of the Duty and deliver better customer outcomes in a sustainable way. Our guests also discuss where the FCA is focusing its supervisory attention and how its approach is likely to evolve over time.You can contact our PwC speakers if you’d like to discuss any of the topics covered, at tessa.norman@pwc.com, james.x.williams@pwc.com, lin.y.yang@pwc.com. To hear more from us on Risk & Regulation, you can access our regular publications at this site: https://www.pwc.co.uk/industries/financial-services/understanding-regulatory-developments.html 

In this episode, host Tessa Norman is joined by Adam Gilbert, PwC’s Global Senior Regulatory Advisor on financial services, and Conor MacManus, a Director in PwC’s Financial Services Regulatory Insights team, to explore the evolving regulatory landscape in the United States and the UK. Our expert guests delve into the areas of alignment and divergence in the agenda of policymakers and regulators, and what these mean for firms.Our guests share their perspectives on regulatory responses to recent market disruption, as well as exchange views on Basel III implementation and the expanding consumer protection agenda on both sides of the Atlantic. They also consider the fast-moving world of ESG and technology, comparing and contrasting regulators and policymakers’ emerging regulatory priorities, and the impact on firms with a global footprint.You can contact our PwC speakers if you’d like to discuss any of the topics covered, at tessa.norman@pwc.com, adam.gilbert@pwc.com, conor.macmanus@pwc.com To hear more from us on Risk & Regulation, you can access our regular publications at this site: https://www.pwc.co.uk/industries/financial-services/understanding-regulatory-developments.html 

While our team takes a well-earned summer break, we'd like to take this opportunity to reshare one of our most popular episodes from our last series. In this re-run episode, host Andrew Strange delves into the Metaverse world to discuss the risks and opportunities for financial services. Expert guests Yanna Zhu from PwC’s Metaverse Technologies team, and Laura Talvitie, a Senior Manager in PwC’s FS Regulatory Insights team, break down the developing Metaverse landscape and discuss current trends and the drivers behind its recent high profile. Our guests also analyse what the future may look like for financial services firms grappling with the opportunities and risks the Metaverse presents, as well as what direction regulation may take in the future.

Series 5 Episode 2: Sustainability reporting - decoding CSRDIn this episode, host Tessa Norman is joined by Justine Dixon, a Senior Manager in PwC’s Sustainability practice, and Lucas Penfold, a Senior Manager in PwC’s Regulatory Insights team, to take an in-depth look at the EU’s Corporate Sustainability Reporting Directive (CSRD).Our guests explore the details of the EU’s CSRD package and the steps firms should take to prepare as the implementation period enters a critical phase. They also exchange views on how CSRD interacts with developments in UK sustainable finance regulation, the challenges CSRD presents for firms, and how they can overcome these hurdles.You can contact our PwC speakers if you’d like to discuss any of the topics covered, at tessa.norman@pwc.com, justine.a.dixon@pwc.com and lucas.penfold@pwc.com.  To hear more from us on Risk & Regulation, you can access our regular publications at this site: https://www.pwc.co.uk/industries/financial-services/understanding-regulatory-developments.html

David Croker and Harry Howe discuss the critical role of governance in response to evolving regulations. They explore the impact of ESG, potential changes to SM&CR, and the introduction of the Consumer Duty. The guests also highlight challenges faced by firms and regulatory plans to address them.

Gordon Kemp and Stefanie Aspden from PwC's Risk & Regulation practice discuss the winners and losers of the proposed Basel 3.1 prudential reform package, the impact on bank capital requirements, and the future of banking amid uncertain regulatory environments.

In the first episode of 2023, host Andrew Strange is joined by Conor MacManus, from PwC’s Regulatory Insights team, and Michael Huertas, a Partner in PwC Germany, to reflect on the UK’s 2023 regulatory change agenda, spotlighting key elements of the Government’s Edinburgh Reform package and sharing perspectives on the response from European policymakers and the EU financial services sector. Our guests also set out their predictions for the fortunes of the year ahead, as authorities in the UK and EU navigate a challenging political and economic environment. You can contact our PwC speakers if you’d like to discuss any of the topics covered at andrew.p.strange@pwc.com, conor.macmanus@pwc.com, michael.huertas@pwc.com.

In this episode, host Andrew Strange explores the ESG regulatory agenda alongside two expert guests. Lynne Baber, a Partner leading PwC’s sustainability practice, and Lucas Penfold, from PwC’s Regulatory Insights team, join to discuss the myriad of regulatory initiatives and their impact on the financial sector, corporates, and the wider economy. Our guests also share their perspectives on how firms should be seeing this as more than a compliance exercise and can embrace it to drive long-term value creation for their businesses and wider society.You can contact our PwC speakers if you’d like to discuss any of the topics covered, at andrew.p.strange@pwc.com, lynne.r.baber@pwc.com, lucas.penfold@pwc.com