Regulatory zone - Current regulatory issues by topic

Many of the regulatory reforms being developed will impact on institutions across the financial services spectrum. The list below covers the major topical concerns - including both those already being implemented and those on the regulatory reform horizon. Follow each link to access topic web pages and detailed CMS Cameron McKenna reports, tools, charts and reference materials that make sense of recent developments in financial services regulation. 

Alternative Investment Fund Managers Directive - an overview of the key provisions of the new framework and its implications for the alternative funds and private equity industry.

Anti-Corruption Zone - Now the Bribery Act 2010 is on the statute book, UK anti-corruption legislation has been reinforced and widened in scope.

ARROW – a look at FSA’s approach to ARROW visits – the requirements for systems and controls, risk management and governance.

Client assets and living wills – In the wake of Lehman Brothers collapse FSA has turned a sharp spotlight on client assets and client money. Another response to the financial crisis is the development of the new ‘living wills’ regime under the Financial Services Act 2010. Visit our client assets and living wills web page to keep up to date with the latest changes to be made to the regulatory regime in these areas.

Competition in the financial sector - the financial sector is likely to remain under intense competition scrutiny for some time to come.  Click above for more information on current competition issues, including the competition authorities' dawn raids.

Current contentious issues for the financial sector

Consumer protection: FOS, complaints-handling and collective action – consumer protection has come under the spotlight. Find out more about the requirements for complaints handling and deposit protection and the FSA’s power to order consumer redress.

Corporate governance – ineffective corporate governance systems at financial institutions are considered a major contributing factor to the financial crisis. This page examines the substantial reforms to corporate governance that regulators seek to implement, including changes to remuneration regulation and the new requirements for non-executive directors (NEDs). It looks at how these will affect both regulated firms and individuals.

The demise of the FSA - the new regulatory order - read about how the Government's plans to abolish the FSA and create a new Prudential Regulatory Authority and Financial Conduct Authority will affect regulated firms.  This page contains information on the proposed European System of Financial Supervision.  Our RegZone institutional reform charts show international, European and UK institutions - the current position and proposed changes.

Financial crime - this document provides recent news and sources on this topic.

FSA investigations and enforcement – find out more about the FSA’s approach to investigations and enforcement. 

Macro reform – the new vogue for systemic and macro-prudential regulation - this document provides recent news and sources on this topic.

PPI – The FSA has enforcement action against a significant number of firms in relation to the sale of PPI. Click above for our market leading analysis on this thorny issue.

Regulation in Europe – an insight into EU developments and domestic regulatory developments in other European countries.

Retail banking and consumer finance - this is an area currently going through extensive regulatory change, with many reforms still to come. Click above for more information on changes to consumer credit, mortgages, bank accounts and customer complaints.

Retail Distribution Review – analysis and information about FSA’s shake-up in the retail investment sector and parallel EU reforms.

Securities and derivatives - for more information on the range of measures being developed to reform the regulation of the securities and derivatives market, including MAD, MiFID and the reform of OTC regulation. 

Timeline for reform - the timeline sets out dates for key developments, such as consultation periods and publication dates for future reports and implementation dates for rule changes - colour coded to show UK, EU and international developments. The timeline is also available for Complinet subscribers to view at www.complinet.com.

Upcoming events - find out about events we are holding, such as our seminars and breakfast briefings in London and Edinburgh.

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