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The FCA has a significant amount of reputational risk invested with the new Consumer Duty and its objectives, hence the frequency of communications from it and the formation of its Consumer Duty embedding team.
HM Treasury has published a response to its consultation on payments regulation and the systemic perimeter. The consultation was prompted by the U.K. government's Payments Landscape...
The U.K.’s newest Financial Services and Markets Act of 2023 (“FSM Act”) received Royal Assent on 29 June 2023. Certain parts came into force on its passing, others will come into...
In 2021, the Financial Conduct Authority (FCA) introduced its new Consumer Duty which they stated “will fundamentally improve how firms serve consumers”.
In a recent speech, Nikhil Rathi, CEO of the UK Financial Conduct Authority (FCA), set out the FCA’s latest views on the role of artificial intelligence (AI) in financial services. The...