Regulation Tomorrow Podcast

In the latest in our series looking at potential divergence between the EU and UK regimes in the wholesale markets space, Jonathan Herbst and Anna Carrier look at prospective changes to the bonds regime on both sides of the English Channel. Anna and Jonathan will discuss the pre and post transparency regime as well as looking at potential changes to the derivatives trading obligation.

In this episode of RT Plus, Celia Cohen and Samuel Ramer, both partners in NRF's US practice, discuss recent U.S. enforcement developments. Drawing on a wealth of prosecutorial and in-house investigatory experience, Celia and Samuel explore how these developments may affect corporations globally, and provide practical tips for companies to reduce the risk of potential enforcement actions.

In this episode of RT Plus, and the latest in our series on the UK IFPR, Jonathan Herbst, Hannah Meakin and Jochen Vester discuss the application of the IFPR regime to commodities firms, the relevance of any transitional provisions, the position on concentration risk and also any pitfalls that market players should be aware of.

In this latest episode we speak to Matthew Gregory and Joe Bamford about the Treasury’s consultation paper on the regulation of Buy Now Pay Later (BNPL) products. The consultation, published on Thursday 21 October, follows the Woolard review earlier in the year, which proposed the regulation of BNPL, after a huge increase in the size of the market. In this podcast, Matthew and Joe provide their initial thoughts on the Treasury’s proposals – including which sort of firms might need authorisation and what sort of products are likely to come into scope.

In this episode we hear from Celia Cohen in New York who discusses privilege, particularly in the context of internal investigations; Joe Smallshaw and Catherine Pluck discuss the Frensham case and how the FCA treats non-financial misconduct; and Lisa Lee Lewis and Nabeelah Begum give an update on how anti-money laundering and counter terrorist finance regimes are dealing with cryptos. 3:17 - Celia Cohen 15:57 - Joe Smallshaw and Catherine Pluck 25:07 - Lisa Lee Lewis and Nabeelah Begum

In the second episode of this mini series, Jonathan Herbst and Anna Carrier discuss the Treasury’s proposals in respect of the equities regime, and the Commission’s proposals and intentions on the same. Jonathan and Anna look at pre trade transparency, consolidated tape and the share trading obligation, discussing the UK and EU's differing approaches and the ramifications of that.

In this latest podcast in our new mini-series focussing on the new UK Investment Firm Prudential Regime (or UK IFPR), brought to you as part of the Regulation Tomorrow podcast, we look at governance requirements, the ICARA process and the new MiFIDPRU Remuneration Code to firms.

In this episode we hear from Norton Rose Fulbright’s US Head of Fintech, Stephen Aschettino, who gives an overview of the payments landscape in the US and some of the prevailing trends in the area. We then hear from John Coley, who discusses the main takeaway points from the FCA’s 2021/22 Business Plan. Finally, we speak to financial crime expert, Lisa Lee Lewis, who provides an update on the counter terrorist financing and anti-money laundering regime in the UK. To skip to ahead to a particular section, see the details below: - Steve Aschettino -1:12 - John Coley -9:14 - Lisa Lee Lewis -17:35

The first episode in a new RT Plus mini-series, Evolution and Divergence: Markets in the EU and UK, is available now to stream and download. This podcast is the first in a series of five podcasts covering the changing nature of markets in Europe and also the degree to which this results in divergence with the UK regime. The series will cover equities, trading venues, systematic internalisers, and bonds and derivatives. The series begins however, with a look at commodities. Hannah Meakin and Anna Carrier will discuss scope, the ancillary activities test and also position limits, as they compare what is being proposed by the Treasury in the UK with what is currently being legislated in the EU by way of the MiFID review

In this episode Jonathan Herbst and Matthew Gregory discuss policy statement PS19/21 which sets out the PRA's approach to branch and subsidiary supervision.