Just as the challenges faced by individuals and businesses during the pandemic are exceptional, so too is the Government’s response, and it is clear that both of the UK regulators expect firms to approach their business in the same way. There are lessons to be learned from the experience of the last financial crisis, as

Peter Snowdon (UK)
Adapting to change is business as usual: keeping you connected throughout the pandemic Financial relief for consumer borrowers
Over the coming weeks, partners from our financial services team will be sharing with clients and contacts a series of video diaries setting out their views on the latest developments in respect of COVID 19 impacts in the various areas of financial services.
In our fourth video diary, Matthew Gregory discusses today’s FCA proposals…
Adapting to change is business as usual: keeping you connected throughout the pandemic TCF considerations for mortgage lenders and administrators
Over the coming weeks, partners from our financial services team will be sharing with clients and contacts a series of video diaries setting out their views on the latest developments in respect of COVID 19 impacts in the various areas of financial services.
In our third video diary, Iain Hawthorn discusses the recent government…
April 2020 40 Minute Briefing – Managing your relationship with the regulator: the individual accountability agenda
On 1 April 2020, Norton Rose Fulbright hosted a virtual roundtable as part of the 40 Minute Briefing series. The session focussed on the individual accountability agenda, whilst also factoring in recent developments as to the COVID 19 outbreak, and how accountability frameworks would be viewed in light of the revised working patterns that firms …
FCA update on Financial Services Regulatory Phoenixing Group
On 20 December 2019, the FCA published a press release providing an update on its Financial Services Regulatory Partners Phoenixing Group.
The group, established in April 2019, aims to tackle the ongoing issue of ‘phoenixing’ in the financial services sector. Phoenixing in this context involves firms and individuals deliberately seeking to avoid their liabilities to…
New webinar recording – Brexit: the final countdown?
The recording from our latest 40 minute briefing webinar is now available.
In this webinar our London team discuss what they are seeing in the market as firms make their preparations for a no deal Brexit. They also cover the PRA and FCA temporary transitional relief powers and ask the question of what legal and…
Tomorrow’s financial services breakfast webinar – Brexit: the final countdown?
As previously advertised, this month’s financial services breakfast briefing will take place tomorrow in the form of a webinar rather than a seminar.
In this webinar we discuss what we are seeing in the market as firms make their preparations for a no deal Brexit. We also look at how the PRA and FCA are…
Next financial services breakfast webinar – Brexit: the final countdown?
As previously advertised, the monthly financial services breakfast briefing on Wednesday 2 October will take the form of a webinar rather than a seminar.
In this webinar we discuss what we are seeing in the market as firms make their preparations for a no deal Brexit. We also look at how the PRA and FCA…
FCA launches Financial Services Regulatory Partners Phoenixing Group
On 3 May 2019, the FCA announced that it had launched the Financial Services Regulatory Partners Phoenixing Group, in a bid to tackle the ongoing issue of phoenixing in financial services. Phoenixing in this context involves firms and individuals deliberately seeking to avoid their liabilities to consumers or poor conduct history by closing down firms…
FCA Handbook instrument introducing revised FCA supervisory principles
On 25 April 2019, the FCA published the Supervision Manual (Supervisory Principles Amendment) Instrument 2019. The Instrument amends the FCA’s Supervision Manual (SUP) by inserting at part 1A.3.2A G the FCA’s supervisory principles: as set out in their Approach to Supervision document (see our blog here). Also amended by the Instrument is parts…