Our Q4, 2020 Quarterly Newsletter is part of a series that provides a regular update of key regulatory issues affecting the UK/EU and the USA, to help you connect the dots. In the UK/Europe, regulators and legislators will focus on topics such as ESG, financial resources, conduct, culture and accountability, the transition from LIBOR, cryptocurrency regulation and updating existing legislative programmes.
In the US, along with regulatory focus areas such as cryptocurrency and cybersecurity, discussions on diversity and inclusion will continue, and the Division of Examinations will release its annual examination priorities, expected to contain familiar themes around conflicts of interest and risk.
The focus of financial services regulators might shift from ‘firefighting’ to a more regular workload of supervisory and enforcement action – if 2020 represented a ‘grace period’, 2021 could see compliance sanctions re-emerge with a vengeance.
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