The SEC has added its support to the move from a T+2 to T+1 settlement cycle in 2024. And while T+0 remains on the table, a wholesale move has been deferred for now. 

The country’s banking sector has shown strength and resilience by offloading problem assets during the pandemic and maintaining improved compliance and regulatory standards.

The introduction of a compliance-related approach to financial crime enforcement, where liability may be triggered by actions far down a supply chain, will likely be applied to ESG concerns too.

What is the likelihood of the UK attracting special purpose acquisition companies following changes to the regulatory rulebook?

While some EU jurisdictions have been under the spotlight for lax money-laundering controls, the problem goes much deeper than the headlines, as Anita Hawser reports.  

European Commission’s proposals to better insulate EU banks from shocks have been met by the industry with concerns.

UK financial watchdog has shown it will use criminal rather than just civil regulatory powers to go after a bank that has fallen short on compliance.

Banks may be affected by the UK watchdog’s more proactive approach to cancelling regulatory permissions.

Most banks should have negligible Libor exposures by the end of this year. But pockets of concern remain.

Regulatory efforts in the UK and Europe to encourage diversity and access to cash could have an impact on institutions’ operating models.