Back-up service facilitation: readiness cannot be assumed
ArticleBack-up servicing has moved from a documentation formality to a live risk management issue.
As the eighth edition of the FCA's Regulatory Initiatives Grid was delayed due to the General Election, an interim update to the November 2023 publication has been released for the period October 2024 to March 2025.
Contents
In this episode of the podcast, David Morrey and Ben Farmer pull out 10 key takeaways:
- Diversity and inclusion
- Basel 3.1 rules
- Prudential framework
- FCA's updated enforcement guide
- Remuneration regime consultation
- Multi-firm review of vulnerable customers advice
- Guidance boundary review
- External redress and remediation rules
- Capital requirements for financial advice firms
- Investment advice assessment tool
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Host
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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
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Episode 92In 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.
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TechnicalStay up to date with our latest round up of financial regulation.