22 Jul 2025 26 min listen
The Government has launched the Financial Services Growth and Competitiveness Strategy, the sector-specific paper to support the broader Industrial Strategy and drive economic development across the UK. Aligning with the Chancellor’s annual Mansion House speech, the Government also launched the Leeds Reforms to simplify the regulatory landscape and catapult the strategy into action.
In this episode David Morrey and Ben Farmer highlight the key takeaways for financial service firms and outline how the Government plans to support the sector.
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.
Stay up to date with our latest round up of financial regulation.