Regulation Tomorrow Podcast

In our latest edition of Regulation Around the World, our financial services lawyers and risk consulting team from the United Kingdom, Singapore, the Netherlands and the UAE discuss the latest financial services regulatory developments concerning ESG.

In the first podcast in our DE&I series, Jonathan Herbst, Hannah Meakin and Hannah McAslan-Schaaf provide an overview of the recent FCA and PRA consultation papers on diversity and inclusion.

In the latest episode of our Split the difference podcast series, which explores divergence and convergence between the EU and UK regulatory regimes in the markets space, Jonathan Herbst, Hannah Meakin, Floortje Nagelkerke and Anna Carrier discuss the UK/EU MoU on regulatory cooperation in financial services, equivalence and the impact on market infrastructure. The episode can be found here.

In our latest Regulation Tomorrow Plus podcast, Matthew Gregory, Joe Bamford and Anita Edwards discuss the Consumer Duty, which is now in force for all on-sale products and services, and our new Pathfinder tool which has been developed to help firms ensure they have fully implemented the Duty.

Discussion on the new regulatory gateway for approving financial promotions, including stricter standards and the impact on consumer protection. Implementation of the gateway and requirements for higher risk products. Importance of competence, governance, oversight, record keeping, and remuneration arrangements. Notification requirements for approved financial promotions, including timing and application process for the new gateway.

In our EMEA regulatory insights series colleagues from our EMEA offices provide an update on the key regulatory issues they are seeing in their local market. In this first episode Floortje Nagelkerke and Nikolai de Koning from our Amsterdam office discuss what they are seeing in the Dutch market touching on the local regulator’s work on ESG, crypto services and DORA. Floortje and Nikolai also discuss supervisory developments concerning proprietary trading firms, the IFD/IFR and the independent functioning of a supervisory board.

The Financial Services and Markets Act 2023 introduces a requirement for the FCA to exercise new functions for the purpose of “seeking to ensure reasonable provision of cash access services in the United Kingdom, or a part of the United Kingdom”. In this Regulation Tomorrow Plus podcast Matthew Gregory and Simon Lovegrove discuss HM Treasury’s statement of policy on access to cash and the FCA’s statement on its new powers.

Legal expert Jonathan Herbst, along with Hannah Meakin and Anita Edwards, discuss firms' obligations to record and retain communications under UK REMIT in the Regulation Tomorrow Plus podcast. They focus on the consequences of non-compliance, the definition of 'relevant communications', and the powers off-gem has to take action against non-compliant firms.

On 4 August 2023, the FCA published a letter it had sent to the CEOs of firms categorised as ‘principal trading firms’, setting out its strategy for supervising these firms. In this latest Regulation Tomorrow Plus podcast, Jonathan Herbst, Hannah Meakin and Anita Edwards discuss the key points covered in the letter and the next steps for firms.

In this episode, the hosts discuss recent regulatory developments in relation to culture in the financial sector, including the higher standard of duty in the retail sector. They also cover the FCA's focus on improving culture in wholesale markets and the importance of regulatory referencing. Other topics include the certification regime's impact on firms, whistleblower protections, and practical steps for establishing and maintaining a healthy culture.