Two new Joint Executive Directors of Enforcement and Market Oversight appointed by the FCA in 2023 will settle into their roles over the year ahead. Following a period of enforcement defined by increased investigations and a willingness to push the envelope of legal interpretation, firms will look toward the coming year to resolve which areas of focus the FCA will prioritise. Recent activity suggests that the FCA aims to align its enforcement with its broader strategy, expedite the resolution of legacy cases, and improve its data and monitoring capabilities, while also addressing non-financial misconduct and maintaining a focus on retail conduct and market abuse. While the PRA has historically been less active in enforcement, PRA-authorised firms will look to see whether the regulator’s new early account scheme makes a difference to the enforcement process. In this episode of Connected with Latham, the latest in a 10-part series complementing Latham’s “10 Key Focus Areas for UK-Regulated Financial Services Firms in 2024” report, London partners Rob Moulton and Andrea Monks address the key issues expected to emerge on the radars of the FCA’s joint heads of enforcement, and the potential impact of the PRA’s changes to its enforcement process. They also discuss the regulators’ data strategy and potential “quality over quantity” approach to investigations.
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Episode 79 – Pro Bono: Rewilding the Scottish Highlands Through Forest Restoration
Episode 78 – UK FinReg Focus Areas in 2024: ESG
Episode 77 – UK FinReg Focus Areas in 2024: Enforcement Against Individuals
Episode 76 – UK FinReg Focus Areas in 2024: Regulatory Divergence
Episode 74 – UK FinReg Focus Areas in 2024: Conduct and Culture
Episode 73 – UK FinReg Focus Areas in 2024: Artificial Intelligence
Episode 72 – UK FinReg Focus Areas in 2024: The Edinburgh Reforms
Episode 71 – Drug Pricing: A Look Ahead at Trends for 2024
Episode 70 – UK FinReg Focus Areas in 2024: Investment Research
Episode 69 – UK FinReg Focus Areas in 2024: Retail Markets – Direction of Travel
Episode 68 – Drug Pricing: Will Agencies Exercise March-In Rights Based on Drug Price?
Episode 67 – PE Views: The Most Pressing Cybersecurity Considerations For Private Equity
Episode 66 – UK FinReg Focus Areas in 2024: Primary Markets Reform
Episode 65 – PE Views: How Can PE Sponsors Promote Transparency and Successful Fund Raise Amid ESG Scrutiny?
Episode 64 – Energy & Infrastructure: How Can Companies Avoid Greenwashing Allegations and ESG Litigation Risks?
Episode 63 – M&A Views: How Should Deal Teams Navigate a Global Crackdown on Restrictive Covenants?
Episode 62 – Has FDA Meaningfully Changed Its Restrictions on Off-Label Communications?
Episode 61 – Drug Pricing: New OIG Guidance Reaffirms the Seven Elements of an Effective Compliance Program
Episode 60 – PE Views: Is the CMA’s Focus on Roll-Up Transactions Here to Stay?
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