Insights
Understanding CCS in the EU
The EU aims to significantly reduce greenhouse gas emissions, targeting a 55 percent reduction by 2030 compared to 1990, and climate neutrality by 2050.
United Kingdom | Publication | November 2024
In this edition of Regulation Around the World we review the UK Financial Conduct Authority’s (FCA) Consumer Duty (UK Consumer Duty) and see if other international financial services authorities have already got similar concepts in their frameworks; or whether the UK Consumer Duty not only sets a new UK standard for conduct in retail markets, but a new international standard across those markets surveyed.
We do this by taking a closer look at eight core components of the UK Consumer Duty, to identify whether it is a global first or whether in fact there are areas of other markets internationally which are already comparable to this new ‘higher standard’ in the UK.
The core components are:
In terms of other markets, we review the regimes as they apply to investment business in the European Union, Australia, South Africa, Singapore, Hong Kong, China and the United States.
The publication covers developments to October 30, 2024.
Insights
The EU aims to significantly reduce greenhouse gas emissions, targeting a 55 percent reduction by 2030 compared to 1990, and climate neutrality by 2050.
Publication
On August 1, 2025, the UK Supreme Court delivered its long-awaited judgment in Hopcraft v Close Brothers Limited and on 3 August the FCA announced it would consult on a redress scheme.
Publication
The European Banking Authority (EBA) is currently consulting on its draft guidelines on the sound management of third party risk (Draft Guidelines), which are intended to replace the 2019 guidelines on outsourcing arrangements (2019 Guidelines).
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