Regulatory Change: A Breakfast Briefing

As a Manager in the Midlands Risk and Regulatory team, the topic of financial services regulatory reform is something which is affecting all of my clients and is a topic which is impacting all financial services firms.

At present, no single institution has the responsibility, authority and tools to monitor the financial system as a whole, and respond accordingly. That power will now be given to the Bank of England. The Government has created a new Financial Policy Committee ("FPC") within the Bank, which will look at the wider economic and financial risks to the stability of the system. The reforms will also introduce greater judgement and focus to regulation of financial firms.