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On the 10th September, The FCA published its Annual Report and Accounts which looks back on their key pieces of work throughout 2019/20. In this month’s insight we have summarised the key themes from the report.  Highlights from the FCA’s work this year include: Measures to give immediate support for over 3.4 million consumers and for […]

From the 30th September 2020, new ESMA guidelines on liquidity stress testing (‘LST’) for EU domiciled UCITS and AIFs funds (excluding unleveraged closed-ended AIFs) come into effect. The guidelines are intended to increase the standard and consistency of liquidity stress testing by management companies and to promote convergence in the way in which national competent authorities

The FCA has sent out a mandatory survey to authorised firms to help them better understand the impact of the coronavirus pandemic on firms’ financial resilience. It was initially sent out in June, however the FCA has extended the pool of firms to an additional 10,000 having already surveyed 13,000 firms in June 2020. The

The FCA announced the appointment of Nikhil Rathi as its next CEO. He is due to start in the autumn and will immediately have his hands full. The new leadership has come at a time of significant change in the industry. As such, it is anticipated that Mr Rathi will be welcomed with high expectations

Prolonged periods of remote working can lead to financial institutions facing challenges, perceived risks in meeting regulatory obligations and maintaining a robust compliance monitoring framework. We provide guidance on how GRC professionals can deal with some of the challenges with compliance monitoring due to the pandemic.  The FCA continues to stress its message that firms