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As 2021 comes into view, what can we expect to be at the top of regulators’ agendas? As well as continuing priorities like sustainability, innovation and consumer protection, we think prudential reform will be a key issue in 2021, along with the reshaping of the UK regulatory landscape beyond Brexit. We’re delighted to share our predictions in our briefing What does 2021 hold?, which explores regulatory hot topics for financial institutions to watch in 2021.

On 9 July 2020, the European Commission published a Communication to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions entitled “Getting ready for changes: Communication on readiness at the end of the transition period between the European Union and the United Kingdom”. The Communication aims to highlight the main areas of inevitable change and to facilitate readiness and preparations by stakeholders, especially in light of the Commission’s views that “[n]egotiations so far have shown little progress” and that “broad and far-reaching changes … will arise under any scenario”. The Communication raises some key points for UK financial services firms, which we highlight in our post.