Governance reviews: Are you prepared?

Stay ahead of the regulator

The pandemic, and the associated move to hybrid working, and the current geopolitical environment are creating a number of unique governance challenges for regulated firms across the financial services industry. Whilst regulators understand the broader backdrop that firms face, they have also remained clear throughout that firms must take reasonable steps to meet their regulatory obligations.

There is an opportunity now for firms to proactively review their governance arrangements so they can learn lessons and provide assurance to senior management. This resource hub helps firms identify governance hot topics and areas of focus to assist with this exercise and stay ahead of the regulator.

Global governance horizon scanning

What’s around the corner for financial institutions?

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Publication

Beyond Sanctions: Key considerations for financial services firms

The events in Ukraine and the economic sanctions imposed on Russia raise a number of broader financial services regulato...

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Publication

Governance

We draw on our diverse experience and clear understanding of the laws and regulations that shape the operating environme...

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Hot topics

ESG

Resilience

Financial crime

Customer protection

Consumer protection

Universal governance themes

Board and Committee Structures

Roles and responsibilities

Management information

Issue escalation

Debate and challenge

Record keeping

Culture

Whistleblowing

A superb world class firm with outstanding ability at all levels. Legal 500 UK 2022 - Financial services: contentious

How can we help

Our team of lawyers and consultants is highly experienced in carrying out governance reviews and we can provide assistance at a number of different levels.

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Latest insights

Regulation Tomorrow Plus: DE&I series “Data protection”

In the fourth podcast in our DE&I series, Hannah McAslan-Schaaf and Lara White discuss the data protection aspects of the FCA’s recent consultation paper on diversity and inclusion

Global | Articles | December 01, 2023

Navigating a skilled person review (also known as a section 166 review)

The FCA and PRA have the power to require an authorised person (or any member of the authorised person’s group or partnership of which the authorised person is a member) to appoint a ‘skilled person’ to provide the regulator with a report or to ‘collect or update information’. They can also directly appoint a skilled person (as opposed to requiring the firm to appoint one).

United Kingdom | Publication | November 24, 2023

FCA and PRA consult on measures to boost diversity and inclusion in the financial sector

On 25 September 2023, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) published consultations setting out their proposals to introduce a new regulatory framework on diversity and inclusion (D&I) in the financial sector.

Global | External | November 22, 2023

Avoiding, managing and responding to cyber incidents: Lessons from recent enforcement

The Financial Conduct Authority (FCA) announced on 13 October 2023 that it had fined Equifax Limited (Equifax), a credit reference agency and data, analytics and technology business, £11,164,400 for failing to manage and monitor the security of UK consumer data it had transferred to its parent company based in the US, Equifax Inc, for processing.

Global | External | November 02, 2023

Regulation Tomorrow Plus: DE&I series ‘D&I and individual accountability’

In the third podcast in our DE&I series, Simon Lovegrove and Hannah McAslan-Schaaf cover the interplay between the regulatory focus on diversity and inclusion and individual accountability.

United Kingdom | Articles | October 25, 2023

Regulation Tomorrow Plus: DE&I series ‘What should firms be doing now’?

In the second podcast in our DE&I series, Simon Lovegrove and Hannah McAslan-Schaaf discuss what firms should be doing in light of the FCA and PRA consultation papers on diversity and inclusion.

United Kingdom | Articles | October 23, 2023