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Our expert insights will keep you up-to-date on the latest industry developments and offer analysis into ongoing regulatory matters.

Blogs

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...

Articles / White Papers

General Data Protection Regulation (GDPR)

EXECUTIVE SUMMARY The official EU General Data Protection Regulation website declares that the GDPR is ‘the most important change in data privacy regulation in 20 years.’ After four years of preparation and debate the GDPR was finally approved by the EU Parliament on 14th April 2016. It will directly enter into force in all Members...

Money Market Funds Regulation (MMFR)

EXECUTIVE SUMMARY It has been recognised by the G20 and the Financial Stability Board that money market funds pose a potential systemic risk to the global economy. The Money Market Funds Regulation (MMFR) is the EU response to this risk assessment. It is a broad set of new regulatory measures that apply to money market...

Payment Services Directive – II (or PSD2)

EXECUTIVE SUMMARYEXECUTIVE SUMMARY In plain terms, PSD2 seeks to improve the existing EU rules for electronic payments. The text reflects recent developments seen in internet and mobile payments. In particular, the directive sets out rules concerning: strict security requirements for electronic payments and the protection of consumers' financial data, guaranteeing safe authentication and reducing the...

RPA – An Overview

Robotic Process Automation (RPA) tools can help businesses improve the efficiency and effectiveness of their operations faster and at a lower cost than other automation approaches. Interest and activity in RPA is growing and we are increasingly seeing deployments reaching enterprise scale and operating on processes across the organisation. RPA uses software, commonly known as…