Publication
Regulation Around the World: Open Finance
In this issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance.
United Kingdom | Publication | March 2025
In a press release on March 3, 2025, the Regulator sets out its new strategy to benefit schemes, savers and the economy through improved data.
The Regulator’s newly-launched plan challenges schemes to raise standards around data and to establish a set of “data principles” in order to set high expectations for data management and effective data governance.
The Regulator has identified that poor data quality leads to inconsistencies, increased costs and security risks. With these risks becoming increasingly important as the DC market consolidates and the deadlines for pensions dashboards approach, industry needs to work on building strong foundations now.
The Regulator plans to:
The strategy also calls on schemes to safely adopt new technologies, including artificial intelligence (AI), aligning to the Government’s AI Opportunities Action Plan regarding outcome-driven and inclusive AI adoption across the pensions sector to improve efficiency and provide improved saver outcomes.
During 2025, the Regulator is set to launch an AI Advisory Council with internal and external specialists to ensure it meets ethical standards and regulatory obligations, and AI technologies to support increased productivity and regulatory efficiency.
Publication
In this issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance.
Publication
In Sapura Fabrication Sdn Bhd and others v GAS and anor appeal [2025] SGCA 13, the Singapore Court of Appeal made important findings
Publication
The Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) is now half way through its first phase of compliance, while the supporting regulatory frameworks constituting the building blocks for the CORSIA and Article 6 markets are incrementally being cemented in place and the market is developing fair mechanisms for managing key gap risks.
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