As 2020 comes into view, what can we expect to be at the top of regulators’ agendas? Key themes that are new from last year are ESG and an increased focus on operational resilience. Both EU and UK authorities are looking at how buy and sell-side firms should embed ESG…

The Financial Conduct Authority’s (FCA) consultation on its approach to assessing the adequacy of financial resources for all 46,000 FCA solo-regulated firms closed on 13 September 2019. This initiative complements its Approach to Supervision document, most recently updated in April 2019. In comparison to the “hard requirements” contained in its…

Despite it being the height of the holiday season, central bankers at the ECB found the time to issue a newsletter on 14 August calling on banks supervised under the Single Supervisory Mechanism (SSM) to step up their Brexit preparations. This seems to have been driven by a perception that…

Download publication A series of briefings that take a “bite-size” look at international trends in different jurisdictions drawing on Baker McKenzie’s expert financial services practitioners Individual Accountability Regimes – Driving Improvements in Culture This edition takes a bite-size look at culture within financial services businesses, as seen by regulators in…

What are the new requirements and when do they apply? The European Commission has published new regulatory technical standards that apply specifically to credit and financial institutions, including e-money institutions, payment institutions, investment firms, AIFMs and UCITs Mancos. The new standards specify “additional measures” in respect of relevant institutions’ branches…