The Acting Comptroller of the OCC discussed the limits of large bank manageability and the steps that regulators can take to address the risks posed by size and complexity.
Arthur S. Long, Pia Naib, and Deric Behar
On
The timetable sets out three tranches of extensive regulatory changes to UK and EU law in 2023 and 2024.
By Rob Moulton, Becky Critchley, Denisa Odendaal, and Dianne Bell
The “Edinburgh Reforms”, a series of announcements made
The Guidance would increase expectations for regulated financial institutions to identify, measure, monitor, and control climate-related financial risks.
By Betty M. Huber, Arthur S. Long, Pia Naib, Austin J. Pierce, and Deric Behar
For the past
Latham’s Global Co-Chair of the Financial Institutions Industry Group, Nicola Higgs, sits down with Lucy McNulty, host of the Following the Rules podcast, to discuss how financial services firms should adapt to the constant evolution of ESG requirements.
In this
By David Berman, Sarah Gadd, Nicola Higgs, Rob Moulton, Becky Critchley, and Nell Perks
The FCA’s latest report into D&I highlights the need for additional metrics, social mobility, firm culture, staff development, data quality, and
By David Berman, Nicola Higgs, Jon Holland, Andrea Monks, Rob Moulton, and Nell Perks
The FCA stated that the perpetrator’s character is key to non-financial misconduct investigations, which suggests a mismatch with recent case law.
The guiding principles are similar to related proposals from other banking regulators, but will require further clarification through the comment process.
By Nicola Higgs, Betty M. Huber, Arthur S. Long, Pia Naib, Anne Mainwaring, and
Monitoring the progress of the Financial Services and Markets Bill and regulatory divergence between the UK and the EU will continue as a key theme in 2023.
The Financial Services and Markets Bill leaves a significant amount of the essential
The case provides instructive practical examples of the “reasonable steps” companies can take according to the FCA and a reminder of the FCA’s cultural expectations of CEOs.
By David Berman, Jonathan Ritson-Candler, and Sean Wells
On 16 November
The European Securities and Markets Authority proposes to restrict ESG- and sustainability-related terms in the naming of funds, with an eye on the US and UK fund naming regimes.
By Paul Davies, Nicola Higgs, Anne Mainwaring, and