In brief
We are pleased to share with you our annual briefing looking at financial services regulation and enforcement in 2023, “What does 2023 hold? Key upcoming developments and enforcement trends”.
It has been two years since the end of the Brexit transition period. The dust has also somewhat settled on the post-pandemic “normality” – only for the dust to have been kicked up again, and with great force, by the conflict in Ukraine and the cost of living crisis. Although there is never a quiet moment in the financial regulatory world that we all inhabit, it feels that 2023 is poised to be a year when, even by the usual standards of the sector, an awful lot of things are going to happen.
Our London Financial Institutions Regulatory and Enforcement experts explore the key developments and trends expected to dominate the regulatory landscape this year.
Key themes discussed include:
- What happened in 2022, and what should we expect in 2023?
- Enforcement and Financial Crime
- Regulatory Direction of Travel in the UK
- Markets, Funds and Investments
- ESG
- Risk, Governance and Oversight
- Tech, Innovation and Data
- Crypto
- Consumer Protection
The team discussed these themes further in a 90-minute webinar in January, in order to help our clients navigate the regulatory landscape in 2023. You can access the recording here.
You can read the brochure that accompanies the session here.
Author
Caitlin McErlane
Caitlin McErlane is a partner in Baker McKenzie’s Financial Services & Regulatory Group in the London office.
Caitlin's practice focuses on advising a range of global financial institutions on complex and high value regulatory matters. She advises banks, major corporates, payment institutions and asset managers on navigating UK and EU financial services regulation. She has particular experience in advising clients on regulatory implementation projects, day-to-day compliance issues, and regulatory issues arising in the context of large-scale transactions. She also expertise in the areas of banking and wholesale financial markets regulation, in particular in the FX and fixed income space, alongside experience advising market infrastructure providers, including major international exchanges, trading platforms, clearing systems and payment services providers, on a variety of compliance issues.
Caitlin is also a member of the Baker's ESG and sustainability taskforce, and advises a range of clients on the drafting and implementation of ESG policies and the implications of becoming a signatory to the UNPRI and the Stewardship Code. Caitlin is an authority on regulatory reforms in the sustainability space and sits on a number of trade association working groups. She has recently been interviewed by Climate Action on her work and is a frequent speaker on the subject.
