In our Risk and Regulation Unravelled podcast, we discuss the latest developments in financial services with industry experts. Gavin Stewart and Irina Velkova lead the conversation.
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Episode 4: Regulatory update - FCA Business Plan 2021/22
The FCA published their Business Plan for 2021/22, setting an ambitious agenda for change. This year’s Business Plan can be viewed as an attempt to transition the Financial Conduct Authority (FCA) to become what is hoped to be a new regulator for the 2020s – more “innovative, assertive and adaptive.” David Morrey and Gavin Stewart delve deeper into the plan and priorities of the FCA and discuss whether we're looking at a new type of regulator.
The UK Investment Firm Prudential Regime (IFPR) is a new, streamlined and simplified process for the prudential regulation of investment firms in the UK. While very technical in its nature, it's a subject that gives a lot of room for interpretation and makes for some interesting hypotheses before the complete Financial Conduct Authority (FCA) consultation paper arrives later in the year.
In this podcast episode, we’re joined by Colm Donnelly, Head of EMEA Prudential Reporting, Invesco and David Morrey, Partner, Head of Investment Management, Financial Services Group, Grant Thornton, who live and breathe regulation to discuss the latest developments and key aspects of the regime, how the regime will impact the way investment management firms approach risk, and what firms need to do to prepare for implementation.
In the UK, the joint regulator and government task force on climate-related financial disclosures (TCFD) published the roadmap towards mandatory climate-related disclosures.
This was followed by an ongoing consultation on the proposals related to mandatory TCFD-aligned disclosures from publicly quoted companies, large private companies, and limited liability partnerships.
Unsurprisingly, environmental, social and governance (ESG) and impact investing have taken a prominent place in all investor discussions lately.
In the second episode of our podcast, Irina is joined by our guests, Edward Dixon, Head of ESG, Aviva Investors Real Assets and Paul Young, Managing Director, Head of Finance, Risk and Compliance, Grant Thornton, to discuss how the COVID-19 situation has increased the focus on sustainability and ESG. We also cover the upturn in regulatory activity in this space and look in detail at what investors are facing in terms of regulation and how they can prepare for it.
As firms have adapted to the circumstances of lockdown almost overnight, there's been an inevitable increase in operational risk. Regulators are looking to confirm that companies are minimising the impact of disruption by adapting, responding and recovering, while protecting their customers.
In the first episode of our podcast, Gavin and Irina are joined by our guests, Andrew Rogan, Director of Operational Resilience Digital Technology & Cyber, UK Finance and Tim Armit, former Resilience and Business Continuity Manager, Post Office, to discuss the upcoming Financial Conduct Authority (FCA) statement on operational resilience.