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Compliance
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The challenges of an increasingly complex regulatory compliance burden - how is it impacting your firm?
Financial compliance is the regulation and enforcement of financial service/capital markets sectors regulation. As market participants' compliance obligation continues to increase in line with the pace of regulatory change, so too must the resources - and associated costs - required to keep on top of the compliance challenge. With new Operational Resilience requirements just the latest in a long list of compliance obligations, what do you see as the biggest challenges to smaller broking firms?
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Governance
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Regulation
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UK-EU Regulatory Divergence Part 1: What is it and Why Does it Matter? with BNY Mellon | Pershing
Tuesday 11th October 8 AM, webinar with BNY Mellon | Pershing.
The first installment of the three-part series provided an introduction to BNY Mellon | Pershing as well as their role in navigating regulatory change as a practitioner.
Drawing upon Pershing’s regulatory horizon scan timeline, the webinar discussed the major milestone moments for post-Brexit UK-EU divergence, giving a holistic overview of where the two markets have got to and what was to be expected in the next 6-12 months.
Specific talking points included:
- An overview of the challenges Brexit has conjured up in terms of creating two regulatory frameworks for the financial services sector
- An evaluation of the benefits and drawbacks of no equivalence and the extent to which the UK has capitalised on its newfound freedom to develop a domestic regulatory regime
- An outline of the areas of divergence seen to date (Operational Resilience, CSDR & Prudential Rules) and where the sector can expect regulators to focus their attention next
- A nod to the House of Commons European Scrutiny Committee launching an inquiry into regulating after Brexit to understand where and how the UK should diverge from EU rules (this can be discussed in more detail in webinar 2)
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