In Regulatory Wrap for the week to August 18, 2023, we take a look at the hot topics to watch out for over the rest of 2023.
In this Regulatory Wrap, we take advantage of a relatively quiet week for regulation to bring you the ‘hot topics’ to look out for in 2023. From off-channel comms through to personal liability, financial regulators across the globe are honing in on certain key topic areas. We explore what this means for compliance teams.
1. Off-channel comms has persisted as an area of regulatory focus for over two years, and show no sign of stopping
2. The FCA has hired two new Directors of Enforcements, who have issued powerful messages to those that aren’t compliant
3. Personal liability looks set to be a running trend for the rest of 2023, moving into 2024
4. Similarly, conduct and culture remain top of the regulatory agenda, with the CFTC noting that the “tone at the top… must change”
This Regulatory Wrap is brought to you by Global Relay’s Head of Content, Jennie Clarke.
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