Mazars Regulatory Insights
Expert analysis on the latest regulatory insights in the UK.
Regulated firms: a matter of life and death
As the PRA transitions from a rule-taker to a rule-maker, small and medium-sized banks operating in the UK can expect to benefit from a more streamlined regulatory regime that could be easier to interpret, implement and maintain. At the same time, they can also expect the PRA to be progressively more involved in scrutinising their plans for an orderly wind-down. In this article, we explore...
FCA confirms approach for pre-paid funeral plans
Pre-paid funeral plans can be large financial purchases that affect vulnerable customers and can be difficult for customers to understand.
Mazars’ regulatory radar – Q2 2021
In our summer edition of Mazars’ regulatory radar, we cover the key regulatory developments from Q2 2021.
FCA’s Business Plan 2021/22
On 16 July the FCA released its business plan for 2021/22 and what has been published is a more ‘innovative, assertive and adaptive’ approach than we’ve seen previously.
FCA proposes enhanced climate-related disclosures
The UK is getting ready to co-host the private finance agenda of the COP26 and key goals include improving quantity and quality of climate-related financial disclosures. Following that approach, the FCA is working on establishing pathways to mandatory disclosure and promoting alignment of disclosure around the Taskforce on Climate-related Financial Disclosures (TCFD) framework.
FCA calls on retail banks to address weaknesses
The FCA has called UK retail banks to action over continued weaknesses observed in anti-money laundering frameworks. Is it time to modernise your approach?
CP21/13 – A new Consumer Duty
In May 2021 the Financial Conduct Authority (FCA) published a consultation paper CP21/13 outlining proposed new standards of consumer protection and care in retail financial markets in the form of a ‘Consumer Duty’.
Mazars’ regulatory radar – Q1 2021
In our spring edition of Mazars’ regulatory radar, we cover the key regulatory developments from Q1 2021.
IFPR – The second consultation paper from the FCA
The FCAs second consultation paper(CP21/7) on proposed rules to introduce the Investment Firm Prudential Regime (IFPR) was released on 19 April 2021.
Regulatory Outlook 2021
Welcome to Mazars’ Regulatory Outlook for 2021. In this publication, we aim to provide a snapshot of some of the key regulatory developments for the banking sector and provide some thoughts from our Mazars experts on what banks should think about as they prepare for another busy year on the Compliance and Risk fronts.
IFPR – The first consultation paper
In December 2020, the FCA detailed some of their proposals for the Investment Firm Prudential Regime (IFPR), which will come into effect in January 2022.
Risk and Regulatory Data - Impact of Covid-19
With the current Covid-19 pandemic and its widespread effects, banks must rely more than ever on data driven insights to monitor their changing risk profile, support quick decision making and respond to impacts on their customers and operating models.
FCA regulation of pre-paid funeral plans
After several high-profile publications and investigations[1], the Government decided that funeral plans should be regulated by the Financial Conduct Authority (FCA) by the summer of 2022.