Financial Services Regulatory Updates in the United Kingdom

April 2024: Key Regulatory Developments

The UK financial services sector has seen a flurry of regulatory activity in April, with several key publications and announcements affecting firms operating in the industry. This update provides a summary of some of the most significant developments.

March 2024: Regulatory Roundup

In March, regulators released several important updates, including:

Guidance on climate-related risks
SMCR reform proposals
Implementation timelines for Basel 3.1

February 2024: Regulatory Review

February saw the release of various regulatory publications, including:

An update on CASS audits
A review of banking capital requirements
A look at how to account for financed emissions

January 2024: Regulatory Insights

As we kick off the new year, regulators have been busy releasing key updates. This month’s roundup covers changes to ESG ratings providers, Basel 3.1 implementation timelines, and more.

Key Regulatory Developments

CASS Audits 2024: What You Need to Know

Are you planning for your CASS audit or preparing clients for theirs? Our comprehensive guide provides a high-level overview of the rules and what firms need to know.

Consumer Duty: What’s Next?

The Financial Conduct Authority (FCA) has introduced the Consumer Duty, which places greater emphasis on providing good value products and services. This update explores what this means for firms and how they can evidence higher standards of care.

UK Proposals on ESG Ratings Providers

HM Treasury has proposed a new regulatory regime for environmental, social, and governance (ESG) ratings providers. Our expert analysis breaks down the planned rules and areas where expansion is needed.

SMCR Reform: Proposals in Challenging Times

As part of its Edinburgh reforms, the government is reviewing the Senior Managers and Certification Regime (SMCR). This update examines how proposed changes will impact firms and help meet objectives for supercharging the UK’s financial services sector.

Basel 3.1 Implementation: Getting Ahead of the Curve

The Prudential Regulation Authority (PRA) has consulted on its implementation of Basel 3.1, also known as Basel 4 or the final Basel reforms. Our analysis explores key implementation challenges and what banks should consider to prepare for the new rules.

Climate-related risks can significantly impact a bank’s capital requirements. This update examines whether regulatory capital requirements should be used to promote green assets.

Stay Ahead of the Curve

These updates provide valuable insights into the latest regulatory developments affecting UK financial services. Stay ahead of the curve with our expert analysis and commentary.