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ARTICLE · 13 JANUARY 2014

What To Expect In 2014

2013 was a significant year for the UK regulatory landscape. National and international regulators continued to address the issues identified by the financial crisis in addition to responding to the LIBOR scandal with record-breaking penalties.

United KingdomFinance and Banking

2013 was a significant year for the UK regulatory landscape. National and international regulators continued to address the issues identified by the financial crisis in addition to responding to the LIBOR scandal with record-breaking penalties. In April 2013 a new regulatory regime was introduced in the UK which divided the Financial Services Authority into two new departments, the Financial Conduct Authority (FCA) and Prudential Regulatory Authority (PRA).

Keeping abreast of regulatory issues has never been more important for financial firms who are likely to face further scrutiny and change in 2014 as the FCA and PRA settle into their new roles.

Set out below are some of the key areas to watch in 2014.

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