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Speech By Charles Randell, UK Financial Conduct Authority Chair, To The Finance And Leasing Association - Cautious Optimism For The Post-Pandemic World - Speech Delivered At The Finance And Leasing Association Industry Gathering On 22 April 2021


Speech By Charles Randell, UK Financial Conduct Authority Chair, To The Finance And Leasing Association - Cautious Optimism For The Post-Pandemic World - Speech Delivered At The Finance And Leasing Association Industry Gathering On 22 April 2021
Date
Highlights:
To be effective in the new world of financial services that coronavirus has brought forward, the FCA must enforce the gateway to authorisation; focus on the basics; focus on outcomes; and use our rulebook better and faster
We must also reshape the FCA itself, and this transformation is under way
To make the transformation last, we must state clearly the outcomes we want, measure these outcomes and be transparent about whether we have achieved them ....

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Levelling The Playing Field – Innovation In The Service Of Consumers And The Market - Speech By UK Financial Conduct Authority CEO, Nikhil Rathi, To FinTech Week


Levelling The Playing Field – Innovation In The Service Of Consumers And The Market - Speech By UK Financial Conduct Authority CEO, Nikhil Rathi, To FinTech Week
Date
Highlights
Support for innovation has been matched by action to protect consumers and markets.
The FCA will be taking forward the Kalifa Review’s recommendation for a Scalebox, including the creation of a regulatory nursery.
Online search and social media firms need to take greater responsibility for their role in connecting consumers with these investment offers.
We also need to make sure that our internal processes allow for quick action, which is why we are currently reviewing how our Regulatory Decisions Committee functions. ....

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Key Regulatory Topics: Weekly Update February 2021 #2 | Allen & Overy LLP


Brexit
Please see the Other Developments section for the MoU agreed between the ECB, FCA and BoE on post-Brexit supervisory cooperation, effective from 1 January.
Capital Markets
Please see the Markets and Markets Infrastructure section for a speech by Mairead McGuinness, European Commissioner for Financial Services, Financial Stability, and Capital Markets Union on future regulatory developments.
Consumer / Retail
 Please see the Markets and Markets Infrastructure section for a statement by Steven Maijoor, ESMA Chair, to the EP’s Economic and Monetary Affairs Committee relating to GameStop share trading and related phenomena.
FCA finalised guidance for firms on the fair treatment of vulnerable customers ....

United Kingdom , Mairead Mcguinness , Emily Shepperd , Stephanie Cohen , Sarah Pritchard , Steven Maijoor , Randal Quarles , Jessica Rusu , Monetary Affairs Committee , Resolution Steering Group , Task Force On Financial Disclosure , Foundation Trustees , Banking Union , Group On Sterling Risk , Capital Markets Union , Human Rights Commission , Investment Firm Directive , Sustainable Finance Task , International Financial Reporting Standards , Financial Services , Fund Regulation , Payment Services , Allen Overy , European Payments Council , Markets Infrastructure , European Commissioner ,

Financial institutions general regulatory news, March 2021 | Hogan Lovells


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Recent regulatory developments of interest to all financial institutions, including updates from the UK, EU and the FSB. See also our sector specific updates in the Related Materials links.
Contents
Pension freedoms: Work and Pensions Committee call for evidence
Fair treatment of vulnerable consumers: FCA FG21/1
MoU between FCA and EHRC
UK CRD: PRA statement on definition of higher paid material risk taker
Transforming data collection from UK financial sector: BoE plan
End of Brexit transition period: EU publishes draft GDPR and LED adequacy decisions
EU PEPP Regulation: European Commission adopts Delegated Regulations on supervisory reporting and product intervention ....

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