FSR GLOBAL OUTLOOK 2024: FINDING SOLID GROUND AS THE BEDROCK SHIFTS

We are delighted to share our global FSR Outlook 2024: Finding solid ground as the bedrock shiftsIn 2024, the character of change facing the financial industry is more foundational - or fundamental - in nature than ever before. From ESG to AI, the shape of the world we live in is changing in a radical way. This year, we chart the paths through the shifting landscape for financial services businesses seeking solid ground. Read more

FCA publishes anti-greenwashing rule (and other measures)

The FCA published today its long-awaited Policy Statement on SDR (PS23/16 "Sustainability Disclosure Requirements (SDR) and investment labels"). This is over a year following the consultation in October 2022. The SDR Policy Statement is accompanied by a Guidance Consultation, GC23/2 "Guidance on the Anti-Greenwashing rule", which follows feedback from the industry for further guidance on the expectation on firms in respect of the anti-greenwashing rule. The FCA is consulting on the Guidance and the consultation closes on 26 January 2024. Read more

Global Corporate Crime and Investigations update – November 2023

In this first edition, we take a look at enforcement issues around the world, from an EMEA focus on whistleblower protections, to significant economic crime reforms in the UK and Australia, and US and Asian enforcement trends driven by ongoing geo-political developments - there are plenty of developments to follow! Read more

Diversity and inclusion in the UK financial sector – driving change

In the next step in its drive to boost diversity and inclusion (D&I) in regulated firms, the Financial Conduct Authority (FCA) published Consultation Paper 23/20 at the end of September setting out its proposals on new regulatory framework in respect of D&I in the financial sector (FCA CP). At the same time, the Prudential Regulation Authority (PRA) published its own proposals (PRA CP18/23) for PRA-regulated firms (together, the Consultations). Read more

Herbert Smith Freehills publishes Global Bank Review 2023: Trust Matters

Perhaps the most striking thing about the world of finance a decade and a half since the banking crisis is that the industry has not quite managed to regain the allure and self-confidence of earlier times. Certainly, this is a time in which trust – that most precious commodity in banking – is hard to earn and retain. This year's Global Bank Review: Trust Matters explores trust on many fronts. Read more

Mansion House 2023 & Edinburgh Reforms 2022: Progress Tracker

On 10 July 2023, the Chancellor gave his Mansion House speech where he presented a series of ‘Mansion House reforms’. Building on last year’s Edinburgh Reforms, the proposals fall under three themes: improving outcomes for long-term savers and increasing investment in high-growth companies by reforming the UK’s pension market through a series of measures (see … Read more