In this episode, David Morrey and Ben Farmer explore the latest regulatory developments shaping financial services.
They discuss the FCA's decision to make its Handbook available via API and what this could mean for RegTech, compliance functions and AI-enabled regulatory monitoring. The conversation also covers recent Consumer Duty publications, including lessons from the FCA's good and poor practice reviews on product governance, outcomes monitoring and vulnerable customers.
The episode examines growing regulatory scrutiny of conflicts of interest in insurance, the FCA's focus on Annex 1 anti-money laundering firms, and new oversight powers for critical third-party technology providers, including Amazon, Google, Microsoft and Oracle. The hosts also unpack forthcoming reforms to the UK alternative investment fund regime and transaction reporting requirements.
This episode provides practical insights into where regulators are focusing their attention and what firms should be doing in response.