Regulatory Update – Diversity To De-Banking The FCA'S Roadmap For 2024

David Morrey and Ben Farmer discuss the impact of the general election on the financial services sector, such as the delays to the regulatory initiatives grid, the finance act, the alternative investment fund designation bill, and the FCA's proposals on naming and shaming. Other topics discussed include:

• The FCA's decision to allow four insurers to resume selling GAP insurance after withdrawing it from the market due to concerns over fair value and commission levels
• The speech by the chair of the FCA on the future regulatory framework for asset management, including the potential for simplifying the Alternative Investment Fund Managers Directive (AIFMD), diverging from EU standards, and supporting technology innovation
• The Treasury Select Committee's questioning of the FCA's enforcement proposals, diversity and inclusion proposals, de-banking issues, access to cash, and the motor finance investigation

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