| UK & Europe | Publications
NEWSLETTER: The new Labour government has officially kicked off its economic growth agenda, with Rachel Reeves making her first Mansion House speech as chancellor this month.
The speech shows that there is a clear drive from the Government to reduce the regulatory burden on authorised firms alongside its aim of growing the UK’s economy.
Regulatory bodies are conducting investigations of their own to come up with robust strategies for the new year aimed at protecting consumers and penalising wrongdoing. The Financial Ombudsman Service published it’s most recent bi-annual complaints data, showing a 40% increase in complaints. The results indicate a need for firms to strengthen their policies and procedures, and to keep staff informed to avoid being caught out.
The FCA also published results of its own: a survey covering investment banks, brokers, and insurance firms identifying an increase in misconduct allegations between 2021 and 2023, particularly around bullying, harassment, and discrimination. The FCA expects all firms to review the results and take appropriate action, so make sure your processes and procedures are fit for purpose.
Finally, we’ve been busy running several webinars over the last few weeks. We ran sessions on topics ranging from what an effective compliance monitoring framework looks like, and how to identify and manage PEPs alongside associated risks, to how you can utilise regulatory technology to help you successfully and accurately manage your ESG reporting data. Get in touch with us for the materials if you missed them.
We’ve also got an exciting session coming up next week on approaching DORA compliance with our colleagues from Ocorian, so sign up now if you’d like to register a space.
Please reach out if you’d like to discuss any of these topics or need support.
Rebecca Thorpe, Global Head of Regulatory Consulting and Aron Brown, Global Head of Regulatory & Compliance
Latest insights
Recent and upcoming events
Recent webinar: Managing compliance monitoring
In this session, we got under the skin of what an effective compliance monitoring framework looks like, and how to either enhance what you have, or build an effective framework from the ground up. Get in touch with us at [email protected] for a copy of the materials.
Recent webinar: Practical approaches to managing PEPs
Watch our recording to gain practical strategies and actionable insights on effectively managing associated risks, ensuring compliance, and fostering efficient customer relationships. Get in touch with us at [email protected] for a copy of the materials.
Recent webinar: Regtech showcase: Collecting, collating, and reporting sustainability data
We spoke with experts from Ocorian, Privium Fund Management, and Treety who dove into recent ESG updates in the UK and EU, providing practical insights to help you meet regulatory requirements. We also got a glimpse of Treety's ESG reporting platform. Get in touch with us at [email protected] for a copy of the materials.
Upcoming webinar: Delivering DORA: Crossing the finish line
As the January effective date approaches, we join our colleagues at Ocorian on the 4th of December to lift the lid on approaches to DORA compliance while providing some practical tips along the way. Get in touch with us at [email protected] for more details and to register your space.
Global updates
Comment: U.S. election promises new regulatory environment
Portia Amato comments on the regulatory ramifications of Trump’s victory in the recent U.S. election. Read the full story at ocorian.com
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