In this blog post, we round-up forthcoming developments in the UK and at EU and International levels in financial services regulation for June 2019. 3 Jun Deadline for responses to FCA call for input on the Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR) evaluation; FCA to conduct ongoing research to gather … Read more

Authors: Benedicte Perowne and Kimberly Everitt On 24 April 2019 the FCA published its final “Approach to Enforcement” document, following a consultation period which ended in June 2018. The approach document attempts to provide transparency and explain the FCA’s approach in greater depth. The FCA’s overriding principle in its approach to enforcement is substantive justice … Read more

The UK Government has released a Paper outlining the UK’s proposals for a future partnership with the EU regarding foreign policy, defence and development. The Paper highlights the UK’s shared interests and values with the EU regarding foreign policy and defence, and the UK Government’s offer and intention to work closely with the EU in … Read more

Herbert Smith Freehills is pleased to announce that John J. O’Donnell, a former Assistant U.S. Attorney for the Southern District of New York and former branch chief of the Division of Enforcement at the Securities and Exchange Commission (SEC), has joined the firm as a partner in the New York office.  John will focus his practice … Read more

Andrew Procter, a leading financial services regulatory expert and a highly regarded senior figure in the financial services and investment banking industry, joins Herbert Smith Freehills highly ranked Financial Services Regulatory (FSR) team today. Read more

The FCA’s Risk Outlook (FCA RO) has been published today, setting out the regulator’s current thinking on conduct in financial markets by analysing the root causes and emergence of conduct risk, and identifying the forward-looking risks that the FCA deems pose the greatest risk to its objectives.  Whilst the document inevitably focuses on consumer detriment arising from the wrong … Read more