Top 5 regulatory priorities in 2024

regulatory priorities

Looking to the year ahead, we explore the regulatory priorities that are likely to have a significant impact for firms in 2024.   Consumer Duty Annual Report   Firms should be gearing up for their first annual report on retail customer outcomes, a key aspect of complying with the Consumer Duty. The inaugural report is […]

Generative AI: Reshaping Talent Acquisition?

The talent acquisition landscape stands on the cusp of radical transformation as artificial intelligence (“AI”) rapidly evolves. Advances in generative AI models capable of producing original text, images, audio and more have generated tremendous excitement about their potential to reshape recruiting in inclusive and ethical ways. This article will analyse how generative AI is already […]

FCA publishes final report outlining its ICARA observations

On 27th November 2023 the UK Financial Conduct Authority (“FCA”) published its final report outlining how investment firms are engaging with the Internal Capital Adequacy and Risk Assessment (“ICARA”) process introduced by MiFIDPRU on 1st January 2022. The report builds upon the initial feedback provided by the FCA in February. The final report is essential […]

Corporate Finance Firms and Stockbrokers: FCA sets expectations

The latest flurry of Financial Conduct Authority (FCA) communications set out FCA expectations for corporate finance firms and stockbrokers. Updates from the UK regulator have been relentless of late. We look to summarise the key takeaways for busy professionals in the corporate finance and stockbroker sectors.   Supervision Strategy for Corporate Finance Firms: Portfolio Letter […]

Workforce Planning: The Foundation of Effective GRC Programs

Amid increasingly complex regulations and rising stakeholder pressures, financial institutions require robust governance, risk management, and compliance (GRC) frameworks centred on accountability, ethics, and transparency. However, even the most finely tuned GRC programs ultimately rely on skilled talent to execute the controls and oversight guarding against misconduct. This article will examine how integrated workforce planning […]

Don’t get mauled by a money mule!

C&G publishes free educational presentation: Don’t get mauled by a money mule! Money mules. What are they? Why do they pose a threat to financial services firms and their customers? What steps does the Financial Conduct Authority (“FCA”) expect firms to take to counter this threat? To help you gain a quick answers to these […]

C&G teams up with CTP to offer training courses on the AR regime

On 28th September 2023 the Financial Conduct Authority (“FCA”) published its latest insights into the workings of the UK’s appointed representative regime ( the “AR regime”). Referring to data harvested from supervisory efforts conducted in 2021 and 2022, the FCA provided feedback on good and poor practice that it had observed and restated its enhanced […]

FMSB publishes review on current conduct and culture MI practices

In an era of heightened scrutiny on the ethical practices of financial institutions, a core aim of the Financial Markets Standards Board (“FMSB”) is to uphold integrity in wholesale markets. On July 24, 2023, the FMSB released its highly anticipated report, Conduct and Culture Management Information (“MI”): Boundaries of Current Practice, which establishes a benchmark […]

Brokerage goes into administration after FCA imposes restrictions

On 15th September 2023 the Financial Conduct Authority (“FCA”) announced that it had imposed restrictions on wholesale brokerage IBP Markets Limited (“IBP”). IBP was active in the wholesale space, offering Model A and Model B services in fixed income and equity products. The purpose of this short article is to summarise the key findings referred […]

FCA social media guidance set for refresh

In July 2023, the Financial Conduct Authority (“FCA”) announced its guidance consultation for financial promotions on social media (“GC23/2”). In recent years, social media is increasingly becoming a go-to source of information for consumers. Accordingly, it is crucial that consumers can trust the information they receive online about financial products and services. This article provides […]