GRIP1 min read
GRIP2 min read
Jean Hurley19 min listen
FCA SMCR
The regime consists of three parts:
The SMCR aims to reduce harm to consumers and strengthen market integrity by creating a system that enables firms and regulators to hold people to account. As part of this, the SMCR aims to:
The FCA says AI is helping them become a "smarter regulator."
Jean Hurley1 min read
Overview of the UK financial services growth strategy; HMT changes to the insurance risk transformation regime and captive insurance regulatory framework; and SMR and FOS reforms.
The FCA, PRA and HM Treasury have each issued consultations setting out reforms to the SMCR.
For boards, there is an opportunity to show leadership by proactively managing culture.
Maria Symeon | Pathlight Associates3 min read
Senior official explains why the FCA is updating rules and guidance on non-financial misconduct.
Jean Hurley3 min read
Assessing proposals to make the remuneration regime for banks “more effective, simple and proportionate”, while still ensuring accountability for risk taking and appropriate outcomes for consumers and markets.
Billy Bradley | CMS, Mark Walker | CMS, Connie Fan | CMS8 min read
Top bankers will be able to access their bonuses faster as regulators relax City deferral and clawback rules.
Jean Hurley3 min read
UK Chancellor Rachel Reeves called for regulators to focus on boosting growth in her debut Mansion House speech.
Hameed Shuja3 min read
Further Reading