Financial Services Risk and Regulation Unravelled Podcast

What are the hot topics for the financial services industry in 2022? COVID-19 has dictated the narrative for the last two years, but as we transition into a post pandemic world this year promises a lot of focus on risk and regulatory matters, much of it driven by regulators. In this episode, Irina Velkova is joined by Sandy Kumar, Head of Financial Services and Business Risk Services, Grant Thornt...

Regulators are facing a shift in focus - with a big emphasis on responding to external events. With rising inflation rates, cost of living, possible industrial action of its own, firms must be prepared to adapt to new regulatory agenda items in the upcoming months. Current consultation papers, such as that on Appointed Representatives, would attract bigger headlines in more normal times.  David Mo...

Businesses all over the world are facing another large transformational change: hybrid working. And, change always brings challenge: from organisational and operational resilience, and culture, to security risks and leadership. On hybrid/remote working, the FCA has set out its own expectations so firms can ensure they're meeting their regulatory responsibilities. Our host Irina Velkova discusses t...

On 31 December 2021 the Financial Conduct Authority (FCA) issued a press release reviewing its highlights of the year. Now, it's time to ask, what will the regulator's key priorities be in 2022?    David Morrey , Partner, Head of Investment Management, Financial Services Group, Grant Thornton UK LLP , and  Gavin Stewart , Director, Grant Thornton UK LLP return in for our monthly podcast to discuss...

As we approach the end of the year, the FCA has released its much-anticipated final consultation on the proposed new consumer duty. It seems to be little change from the original.  David Morrey , Partner, Head of Investment Management, Financial Services Group, Grant Thornton UK LLP , and  Gavin Stewart , Director, Grant Thornton UK LLP discuss the what this version means for firms – whilst lookin...

The Financial Conduct Authority (FCA) has released several updates this month, including publishing the Regulatory Initiatives Grid and the Future Regulatory Framework. These updates clearly show the regulator's priorities – the 11 new ESG initiatives fit the theme of the recent COP 26 conference. David Morrey , Partner, Head of Investment Management, Financial Services Group, Grant Thornton UK LL...

HM Treasury published its final consultation paper for the Future Regulatory Framework (FRF) Review on 9 November 2021. The FRF sets out the government's views on post-Brexit financial services regulation in the UK. Our host,  Irina Velkova , is joined by  Matthew Conway, Director, Strategy & Policy, at UK Finance , and  Gavin Stewart, Director, Grant Thornton Financial Services Group , an establi...

Regulators and HM Treasury are expected to release several updates imminently including the Future Regulatory Framework (FRF) Review, Regulatory Initiatives Grid, and consultation papers. David Morrey , Partner, Head of Investment Management, Financial Services Group, Grant Thornton UK LLP and Gavin Stewart, Director, Grant Thornton UK LLP share their insight on this months' regulatory development...

Earlier this year, the FCA published its final guidance on the fair treatment of vulnerable customers. This is intended to drive a practical shift in firms' actions and behaviours towards these customers. In this episode, Irina Velkova is joined by Maxine Pritchard, Head of Financial Inclusion and Vulnerability at HSBC UK, and Peter Lovegrove , Director at Grant Thornton UK LLP , for a conversatio...

The Financial Conduct Authority (FCA) is trying to move on from COVID-19 in the last few months of 2021. As we prepare for 2022, David Morrey , Partner, Head of Investment Management, Financial Services Group, Grant Thornton UK LLP, and Gavin Stewart , Director, Grant Thornton UK LLP discuss this month’s regulatory developments and look back at the summer. The packed episode includes the end of th...

The FCA published their Business Plan for 2021/22, setting an ambitious agenda for change. This year’s Business Plan can be viewed as an attempt to transition the Financial Conduct Authority (FCA) to become what is hoped to be a new regulator for the 2020s – more “innovative, assertive and adaptive.” David Morrey and Gavin Stewart delve deeper into the plan and priorities of the FCA and discuss wh...

The UK Investment Firm Prudential Regime is a new, streamlined and simplified process for the prudential regulation of investment firms in the UK.  We're joined by Colm Donnelly, Head of EMEA Prudential Reporting, Invesco to discuss the key aspects of the regime, how this will impact the way firms approach risk, and what is needed for implementation.

In the UK, the joint regulator and government task force on climate-related financial disclosures (TCFD) have published the roadmap towards mandatory climate-related disclosures. ESG and impact investing has taken a prominent place in all discussions lately. We're joined by Edward Dixon, Head of ESG, Aviva Investors Real Assets and Paul Young, Head of Finance, Risk and Compliance to discuss the up...

As firms have adapted to the circumstances of lockdown almost overnight, there's been an inevitable increase in operational risk. Regulators are looking to confirm companies are minimising the impact of disruption by adapting, responding and recovering, while protecting their customers.  We're joined by our Andrew Rogan, UK Finance and Tim Armit, former Post Office to discuss the upcoming Financia...