Episode 61

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

By: David Morrey, Ben Farmer

17 Jun 2024 38 min listen

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

  

TAGS  

Host

  • David Morrey

    I am a partner in our Financial Services Regulatory Advisory practice where I help clients dealing with the challenges of current regulation or emerging requirements. View Profile

  • Ben Farmer

    I support our financial services clients in meeting their regulatory obligations; focusing on conduct risk and customer outcomes. View Profile

Read our related insights, reports and more

Discover more
Technical

Your guide to this week in regulation

Stay up to date with our latest round up of financial regulation.

Read more
Article

SM&CR reform – a closer look at the Phase 2 proposals

The FCA and PRA's Phase 2 consultation on SM&CR proposes a series of reforms designed to streamline regulatory requirements, reduce administrative burdens and support UK competitiveness while maintaining accountability standards. The article examines the key proposals, the potential impact on firms, and the practical steps organisations should consider as the reforms progress.

Read more
Article

UK Sustainability Reporting standards – the FCA’s final rules

The FCA’s final UK SRS rules introduce new ISSB-aligned sustainability and climate disclosure requirements from 2027. Explore the key changes, scope, transitional reliefs and practical steps for implementation.

Read more
    Discover more