A review of fund and portfolio managers found a number of good practices, but also revealed the need for improvement in areas such as conflict management.
By Rob Moulton, Nicola Higgs, Becky Critchley, and Charlotte Collins
On 5 March 2025, the FCA published the findings from its review of private market valuation practices. The FCA undertook this…
Speech focuses on the regulatory change agenda, and confirms that firms are no longer expected to have a Consumer Duty board champion.
By Rob Moulton, Nicola Higgs, Becky Critchley, and Charlotte Collins
On 27 February 2025, the FCA published a speech given by Nikhil Rathi, in which he talks about the FCA’s efforts to support the government’s…
The new unit aims to protect retail investors and foster innovation by addressing cyber-related misconduct and emerging technology fraud.
By Margaret Graham, Michael H. Rubin, Nathan H. Seltzer, and Douglas K. Yatter
On February 20, 2025, the Securities and Exchange Commission (SEC) announced the establishment of the Cyber and Emerging Technologies Unit (CETU), which will focus on…
The FDIC seeks to stick to its statutory mandate while reducing impediments to fintech, innovation, mergers, bank formation, and efficient supervision.
By Arthur S. Long, Pia Naib, and Deric Behar
Just one day after being named acting chairman of the Federal Deposit Insurance Corporation (FDIC), Travis Hill revealed an agenda of priorities for the FDIC. Hill previewed many…
A Republican Congress and the incoming Trump administration may employ the CRA to quickly overturn recent rules that faced heavy criticism from the financial services industry.
By Jenny Cieplak, Zachary Fallon, Arthur Long, Parag Patel, Barrie VanBrackle, Stephen Wink, and Deric Behar
Every four years in American politics is an opportunity to turn the…
The draft guidelines outline expectations for institutions to adopt forward-looking strategies and incorporate scenario analysis into their management framework to assess resilience against the negative impacts of ESG factors.
By Axel Schiemann, Paul A. Davies, and Nicola Higgs
On 16 January 2025, the European Banking Authority (EBA) launched a public consultation on its draft guidelines on ESG scenario…
The guidelines set out requirements for institutions regarding the identification, measurement, management, and monitoring of ESG risks.
By Axel Schiemann, Paul A. Davies, and Nicola Higgs
On 9 January 2025, the European Banking Authority (EBA) published its final guidelines on the management of environmental, social, and governance (ESG) risks. The guidelines have been developed in line with the EBA’s…
The FCA proposes moving away from the PRIIPs KID to a more flexible, technologically neutral regime, which allows firms to innovate and prioritise good customer outcomes.
By Rob Moulton, Nicola Higgs, Becky Critchley, Sidhartha Lal, and Charlotte Collins
On 19 December 2024, the FCA published a consultation on its proposed rules for the new Consumer Composite…
In this publication and podcast series, we explore some of the core focus areas for UK-regulated financial services firms in the year ahead.
In 2024, we saw disruption to the regulatory reform agenda as the unexpected timing of the general election impacted work and publication schedules. Now that the reform agenda is back on track and aligned to the new…
“Fair access” banking laws, at the epicenter of the debates between ESG and “anti-woke” regulation and federal/state preemption, may see a resurgence under the incoming administration.
By Betty M. Huber, Arthur S. Long, Pia Naib, Austin J. Pierce, and Deric Behar
In recent years, the landscape of “fair access” banking laws, now also known as “anti-debanking”…
The consultation covers new methodologies for the financial sector’s GHG emissions reporting, including regarding avoided emissions, or “scope 4” emissions.
By Paul A. Davies, Nicola Higgs, Michael D. Green, Jaime Martin, James Bee, and Charlotte Collins
On 3 December 2024, the Partnership for Carbon Accounting Financials (PCAF) launched a consultation to gather financial industry feedback…
By Arthur Long and Pia Naib
In 2024, the US federal bank regulators were extremely active, with initiatives ranging from antitrust and capital to proposals regarding controlling shareholders and incentive-based compensation. Climate issues and resolution planning were also areas of focus.
With the election of Donald J. Trump to a second term as president of the US, however, the next…
