As the economic climate deteriorates and the cost of living increases, how will regulators sharpen their focus upon consumer protection?
In the UK, the new Financial Services and Markets Act will impose a new statutory obligation upon regulators to protect and promote London as a financial centre. We see the FCA promising to review its individual accountability regime and sharpening its focus on consumer protection and value for money. In the US, the CFPB is ramping up its efforts to protect consumers, despite a ruling challenging the agency’s funding mechanism.
Balancing act
The UK’s approach to operational resilience and cloud services: balancing support for digital innovation with operational resilience?
One to watch
Will the introduction of the PIF bring alternative fund formations back onshore in the UK?
Duty calls
The new FCA Consumer Duty - should you worry about enforcement action, or something worse?
Wish list
The Brexit dividend: Is it time to end the super-equivalent nature of UK capital markets?
Watch this space
How will the CFPB maintain its focus on compliance and enforcement in 2023?