The journey to new market reference rates is reaching its destination. While many significant milestones have been hit, there are still some lingering issues to overcome, such as “tough” legacy contracts.

The initiative will require companies to collect and process personal data in order to report on ESG issues, which presents some challenges but, more importantly, gives organisations an opportunity to embrace digital transformation.

Despite well-intentioned legal reforms being aimed at ensuring central bank independence, data suggests that they may actually have the opposite effect.

Now is an opportune time to consider introducing UK regulatory investigation time limits in order to achieve better fairness and proportionality.

The delayed Basel III reforms are poised for progress in 2023, but there are signs of divergence between EU, UK and US implementation.

The anti-fraud duty has gained recent prominence as upcoming legal challenges threaten to increase banks’ responsibilities in the context of increasingly sophisticated fraud.

With AML compliance at the top of the FCA’s enforcement agenda for this year, we highlight important focus points for banks and other regulated firms operating in the UK.

It is tempting to dismiss the UK government’s plans to scrap banker bonus caps, reintroduce a competitiveness mandate for regulators and to potentially dilute conduct rules to turbo charge the City of London’s growth as a return to casino capitalism. The reality is somewhat more nuanced.

The gilt market spiral in September, which created a material risk to UK financial stability, has brought defined benefit pension schemes under greater regulatory scrutiny. 

The spectacular fall in the value of crypto assets over the past year and November's collapse of crypto exchange FTX has highlighted the pitfalls of investing in this market. Michael Imeson explores how the risks are being managed by different players in the crypto ecosystem.