By Rob Moulton, Nicola Higgs, Anne Mainwaring, and Charlotte Collins

The latest edition of our Private Bank Briefing provides a roundup of legal and compliance issues impacting private banks and their clients from Q2 2021.

In this edition, we cover sustainable finance developments, the regulators’ expectations regarding operational resilience and outsourcing, and the PRA’s plans to develop a new prudential regime for smaller banks. We feature areas of planned reform, including the FCA’s consultation on introducing a Consumer Duty and changes being brought in under the Financial Services Act 2021, as well as other key updates for private banks from the last three months.

We also include our regular features — TechTrends, Lessons from Enforcement, and Global Insights. This edition’s Global Insights focuses on new climate-related initiatives in the US under the Biden Administration.

View the full briefing.

Previous editions of Private Bank Briefing are available here.