26 Jan 2023 42 min listen
The Edinburgh Reforms will consist of over 30 regulatory changes, aiming to lead development and competitiveness in financial services. As the Chancellor only announced 13 of them in his December speech, there's still plenty of scope to speculate on what they might look like.
Alongside a discussion of the reforms, David Morrey, and new co-host Ben Farmer, tackle other developments within financial services: Consumer Duty; recent FCA board minutes; inclusion and diversity; and enforcement cases. They'll be looking back on their 2022 highlights to share guidance on how firms can prepare for the changes ahead.
Find out more about the key announcements from the Edinburgh Reforms.
FCA updates on pure protection, vulnerability in payments, rising whistleblowing cases, AI-driven investment risks, and T+1 readiness challenges.
Cryptoassets are becoming a more common feature of customer activity, exposing firms to new financial crime risks through onboarding, source of wealth assessments, sanctions reviews and transaction monitoring. This article explores how organisations can identify those exposures, investigate crypto-related activity and assess whether existing controls remain appropriate.
The Government's consultation on corporate reporting reform signals a shift towards more proportionate, investor-focused and digitally enabled reporting. Claire Fargeot explores the implications for narrative reporting, financial materiality, digital disclosures and governance, and what organisations should be considering as the review progresses.