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6th April 2020

Getting prepared for helping your clients and customers as they recover from the pandemic

While economists ponder what shape the economic recovery will be post-pandemic, in the financial services world  it has been remarkable seeing how organisations are adopting new working practices unimagined at the start of 2020. One interesting observation is that co-working spaces are now facing major issues as teams are all working from home, as noted […]

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6th April 2020

Digital quarantine

So here is how things are: we’ve been confined to our homes for a few weeks now, the hashtag #keepsafe is everywhere and we  watch various  videos on how to thrive on our new lifestyles (teleworking, e-learning, e-aperitifs, home exercise). Even my parents have gotten into it and they are now permanently on WhatsApp, Skype, […]

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New-Reg-6th-April

6th April 2020

FCA and PRA provide flexibility on Senior Managers & Certification Regime for dual regulated firms in response to the Covid-19 pandemic

On Friday 3rd April, the FCA and PRA issued a joint statement outlining their expectations of dual regulated firms regarding the Senior Managers and Certification Regime (SM&CR), and how a firm’s governance procedures may be impacted by coronavirus (Covid-19). It is clear the FCA and PRA are keen to provide flexibility to dual regulated firms […]

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2nd April 2020

PRA Extends Reporting Deadlines to Ease Pressure on Firms

The PRA has issued a statement regarding its approach to regulatory reporting and Pillar 3 disclosures in response to COVID-19 for UK banks, building societies, designated investments and credit unions. The PRA will accept delayed submission for regulatory reporting where the original remittance deadlines fall on or before 31st May 2020.  The list of reports […]

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30th March 2020

A Window of Opportunity

2020: the year to reset your regulatory reporting foundations?  How about some focus on data gathering, data quality, operating processes and mitigating key person risks for regulatory reporting? Before Basel III finalisation (a.k.a. Basel 3.1 or Basel IV)… A few weeks ago, I’d been planning to focus this article on what firms could do to […]

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