Organisation: Financial Conduct Authority (UK)

With more disclosure regulations and standards soon to be implemented, participants at a recent sustainable finance summit in Amsterdam discussed the increasing need for reliable data and methodologies related to sustainability and climate-related risk data and methodologies.

26 May 2023

Financial institutions designing AI systems should consider factors including an intelligible model, sophisticated data governance and utilisation, comprehensive and adaptive operational governance, as well as societal impacts and fairness, according to new guidance issued by the Canadian financial regulator.

25 April 2023

With only a few months to go until the big day, the UK’s Financial Conduct Authority has urged market participants to actively prepare in advance for the cessation of the US dollar Libor panel at the end of June, shortly after extending the deadline for synthetic publication of three US dollar settings until next year.

14 April 2023

Practitioners have expressed concern that the UK Financial Conduct Authority’s “very ambitious” new business plan may limit its bandwidth for activities outside of its consumer protection focus, as the regulator seeks to balance its focus on its commitments in a volatile market situation.

13 April 2023

Experts have said UK’s first full review of the Senior Managers and Certification Regime is “bland” and that the UK government is merely “looking for a pat on the back” for its efforts.

04 April 2023

The UK’s Financial Conduct Authority has criticised how investment firms have implemented its year-old prudential regime – complaining about a lack of adequate assessments for individual firms within investment groups, and a failure to adequately use risk information to keep the regulator informed about their risk appetites.

02 March 2023

The UK’s principal financial regulator and central bank have settled on final requirements to harmonise the quality of data under the derivative reporting framework under the UK version of EMIR, in pursuit of parity with IOSCO’s standards.

28 February 2023

Two regulatory specialists from the Financial Conduct Authority have joined the financial services regulatory consultancy Bovill.

24 February 2023

Cryptoasset firms must be prepared for new promotion rules or face imprisonment, the UK financial regulator has urged as it explains the exemption conditions that will allow crypto businesses to market their products in the UK under government plans announced last week.

08 February 2023

Some of the regulatory issues banks will face in 2023 cut across borders, but not all. In this final part of GBRR’s examination of the year to come, we asked practitioners in the US, UK, Singapore, and Hong Kong how local issues will play out over the next 12 months.

18 January 2023