Payment firms: Wind-down and resolution planning – from theory to operational reality
ArticlePayment and e-money firms must maintain a resolution pack and a wind-down plan to support faster fund returns after insolvency. Here is what's changed.
2022 gave us new operational resilience expectations, the new Consumer Duty, a magnified outlook on climate change and biodiversity. But with firms now implementing these into their strategy, what will 2023 bring?
In this episode Irina Velkova is joined by Robert Hannah, Head of International, Large Corporate and Governance Advisory, who also sits on our strategic leadership team, and Alex Ellerton, Head of Financial Services. They'll discuss what developments we expect in 2023, including in response to geopolitical tensions, AI, sustainability, cryptocurrency, the cost-of-living crisis and other economic pressures.
Read our insight to uncover the key trends for financial services in the year ahead
Host
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Alex Ellerton
Alex Ellerton - I advise clients across the retail financial services sector on regulatory matters. With a particular focus on banking, lending, wealth management and retail intermediary firms, I regularly work with senior management teams to identify practical and proportionate responses to regulatory challenges.View Profile -
Irina Velkova
As a regulatory advisory practice director, I advise firms on new regulations, implement improved structures and processes, and work with board and c-suite stakeholders to resolve governance and regulatory issues.View Profile
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Your guide to this week in regulation
TechnicalStay up to date with our latest round up of financial regulation.
Stress-testing models face greater scrutiny under SS1/23
ArticlePRA's SS1/23 amendment brings stress-testing and ICAAP models under the same governance standard as capital models. Vivian Lagan explains what banks need to do to comply.