RegTech Conference 2026: This panel looked at where transition risk concentrates when old and new regimes run in parallel.
UK MiFIR
Regulatory topics that will have a significant impact on institutions operating in the UK financial services sector this year.
Seung Earm considers historical transaction reporting fines to follow the FCA's thinking on their current enforcement plans.
While the FCA has previously fined firms for transaction reporting failures, this marks the first enforcement action under MiFIR for such a breach.
The regulator praises firms for improving the quality of transaction reporting, but points to continuing or recurring reporting issues.
The FCA is making changes to notification and disclosure requirements for OTC derivatives.
Trust in financial services, Consumer Duty, new regulation and enforcement action.