Five months after it was commissioned, and just three months after the call for input, the FCA has published the final report from the Woolard Review into change and innovation in the unsecured credit market.
The UK’s fintech sector is due to get a major boost in reforms suggested as part of the Kalifa Review of UK Fintech. In our latest alert, we provide a high level overview of the Review’s recommendations, and highlight some of the key ways in which the Review may fundamentally reshape financial services regulation and policy in the UK.
In a speech delivered on 17 March 2021 for the HM Treasury Women in Finance Charter Annual Review Launch 2021, FCA CEO Nikhil Rathi sent a warning to the financial services industry that diversity and inclusion should form a core part of firm and senior management culture, and that the regulator will start taking action where it fails to see improvements made.
On 16 September 2020, Ted MacDonald (Advisor in Wholesale Bank Supervision) and Olivia Fahy (Lead Associate in the Conduct Specialists Department) from the Financial Conduct Authority (FCA) joined experts from Baker McKenzie to discuss the potential conduct and culture challenges of working in the current and post COVID-19 environments.