On 15 November 2024, the Government published the new growth-focused remit letters to the FCA, Prudential Regulation Committee, Financial Policy Committee, and the Payment Systems Regulator. These letters were mentioned in the Mansion House speech.
On 24 October 2024, the Financial Conduct Authority issued aggregate complaints data for H1 2024.
Key findings for H1 2024 include:
In our new video, Jonathan Herbst and Glenn Hall discuss the four key themes the financial services sector needs to watch out for, should there be a Labour government. Glenn also talks about how policy making evolves in the first 100 days, should a new government come in including preparing for a King’s speech
This article first appeared in Thomson Reuters Regulatory Intelligence.
Political party manifestos are usually high-level to give a sense of direction, and both the Conservative and Labour party platforms largely reflect their previous proposals. The Conservatives have unsurprisingly committed to bolstering their Mansion House and Edinburgh Reforms, which were key components of their
In our latest Global Regulation Tomorrow Plus podcast, Jonathan Herbst, Glen Hall and Simon Lovegrove discuss what it is like for a new government taking office and, from a financial services perspective, some of the key points arising out of the manifestos and some of the biggest challenges facing a new government.
Listen to the
On 13 June 2024, the Labour Party issued its Manifesto for the 2024 General Election.
Financial services related comments in the Manifesto include:
On 11 June 2024, the Conservative Party issued its Manifesto for the 2024 General Election.
The financial services related aspects of the Manifesto include reference to the Edinburgh and Mansion House reforms on page 10. The Manifesto states that the Conservatives will build on the policies set out in the Edinburgh reforms and that it
On 10 June 2024, the Liberal Democrats issued their Manifesto for the 2024 General Election.
The financial services related aspects of the Manifesto include:
The general election in the UK has now been called. There is a general view within the market that if the Labour party comes to power in the upcoming election, it will broadly continue the same regulatory approach as under the current government. This appears to be one of the key messages of both Labour’s
On 1 May 2024, the Financial Conduct Authority (FCA) published a Memorandum of Understanding (MoU) with the Gambling Commission. The MoU establishes a framework for cooperation, coordination and information sharing between the Gambling Commission and the FCA. It sets out broad principles for collaboration and the legal framework governing the sharing