2018 – May You Live in Interesting Times

Next year will be a momentous one for the European banking and insurance industries as legislators have a field day in launching new regulation. Spurred on by “well meaning” politicians with a natural desire to protect the consumer from the ravages of another banking crisis, the EU rule books governing the financial services will be turned upside down in...

Do the current trends in FCA/PRA enforcement signal the beginning of the Senior Managers Regime?

The FCA has enforced noticeably fewer penalties as we approach the end of 2017. Significant fines were imposed against individuals as opposed to firms, and generally fewer open cases have been closed following investigation (see 2017 FCA fines here). What are these trends telling you and your firm? And might they signal the commencement of...

The Autumn Budget 2017: Implications for Business

This blog entry focuses on the implications of the Autumn Budget for businesses and the financial services sector, which contributed an estimated £71.4bn to the economy in 2016 alone (see here). As expected, the Budget is politically sensitive to the current economic and regulatory environment. However, whilst positive investments have been announced in R&D and...

The rise of more agile End to End methods to measure and deliver more efficient process and productivity within Financial Services

Whilst it may not be a surprise, the focus on Productivity was a major feature of the latest set of Monetary Statistics. The UK lags the US and Germany by 30 percentage points, France by 20 and Italy by 8. Productivity is normally associated with manufacturing as evidenced by Philip Hammond’s example of the German...