corporate governance,
remuneration,
conflicts,
complaints,
regulatory updates
The Supreme Court ruled that certain commission arrangements between car dealers and lenders created an unfair relationship under Section 140A of the Consumer Credit Act 1974. This followed years of complaints about discretionary commission arrangements (DCAs), where...
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accountability,
innovation,
regulatory strategy,
SM&CR,
regulatory updates,
UK
“The SM&CR has driven up standards in financial services. But we want to boost competitiveness, and support growth, by streamlining the regime while preserving its benefits.” — FCA CP25/21
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innovation,
regulatory strategy,
SM&CR
“We are rewiring the UK’s financial system to unlock investment, drive innovation, and create skilled jobs across the country.” — Chancellor Rachel Reeves, Mansion House Speech 2025
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governance,
accountability,
SM&CR,
Consumer Duty,
GRC,
financial crime
"Good strategy, like good nutrition, is all about balance. The right elements, working together, to support long-term health." (Emily Shepperd, FCA's COO, June 2024)
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third parties,
FCA,
due diligence,
financial promotions
"Increasing numbers of young people are falling victim to scams, and finfluencers can often play a part" (FCA, Oct 2024) In recent years, we have seen the FCA highlight the risk posed by finfluencers, which is illustrated by the regulatory action taken against this...
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FCA,
Regulatory initiative grid,
regulatory strategy,
SM&CR,
Product Governance
The 8th edition of the Regulatory Initiatives Grid (Grid) was published in April 2025. It sets out more than 90 ongoing or upcoming policy and regulatory actions over the next 24 months affecting UK firms. The Grid signals a deeper regulatory intent to recalibrate UK...
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operational resilience,
SM&CR,
third party risk
In a recent blog, the UK’s FCA strikes a frank and open tone: operational resilience is not a box-ticking exercise. This is a message that has been sent before, and we hear it again in this blog issued on 15th April 2025. Operational resilience is business critical....
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FCA,
FOS,
Consumer Duty
Consumers today expect much more from financial services firms than just a basic transactional efficiency.
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FCA,
innovation,
competition,
global standards
UK regulator establishes footing in USA and APAC The FCA has announced the appointment of two regulatory representatives establishing its presence in the USA and APAC regions. Why is this necessary? How will help the UK? Establishing two regional offices aim to...
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client assets,
client money,
Consumer Duty,
Compliance Monitoring
Time to read: 2-3 minutes Despite recent announcements that the Payment Services Regulator (PSR) will be disbanded, regulation is not going away. The FCA is taking on increased responsibilities and ensuring that there are consistent messages to firms on how to...
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due diligence,
MIFID II,
Consumer Duty,
Product Governance,
data
Scrutinise your Product Governance Framework “Product oversight and governance refers to the systems and controls firms have in place to design, approve, market and manage products throughout the products' lifecycle to ensure they meet legal and regulatory...
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compliance,
Consumer Duty,
data
Consumer Duty: Data to demonstrate compliance It’s now just over a year since Consumer Duty came into force for open products and 31st July 2024 saw the regime extended further to closed products. FCA took this opportunity to share feedback, and highlight areas where...
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