Financial Services Risk and Regulation Unravelled Podcast

Episode 49: regulatory update – a Christmas hamper of new regulations

In our final podcast of the year David Morrey and Ben Farmer discuss the latest edition of the Regulatory Initiatives Grid and recap on regulatory policy publications covering access to cash, sustainability disclosures, critical third parties, the advice guidance boundary and much more.

Episode 48: COP28 investing in the transition to a more sustainable economy

In this episode Irina Velkova welcomes Chris Dodwell, Head of Policy and Advocacy at Impax Asset Management, live at COP28, to discuss the role of investors in contributing to climate solutions. We also covered what's happened since The Paris Agreement, critical agreements for COP28, and investors approach to risk, including policy risk and country risks.

Episode 47: COP28 the role of insurance in accelerating transition

Can insurance be a force for good in the fight against climate change? In this episode Irina Velkova welcomes Anthony Hobley, Senior Strategic Advisor at Howden Group, live at COP28 to discuss the role of insurance with respect to net zero nature-positive transition. We also covered acceleration of carbon extraction development and carbon capture storage, as well as standardisation of carbon tracking.

Episode 46: COP28 driving sustainability

We bring you this episode live from COP28, where Irina Velkova welcomes Michael Mainelli, Lord Mayor of the City of London. The Lord Mayor has voiced that climate action is investable and solvable, so in this episode we delve into this further, discussing the important decisions that will come out of COP28, carbon credit-trading, and Government Green Bonds.

Episode 45: COP28 fossil fuel phaseout

Fossil fuel debate takes centre stage as COP28 continues in UAE, with more than 100 countries already supporting a phase-out to bring fossil fuel emissions to zero. 

We bring this episode live from COP28 where Irina Velkova welcomes Andrew Griffiths, Director of Policy & Partnerships at Planet Mark, to discuss the latest update on fossil fuel phase-out. The key talking point is the claim by Sultan Ahmed Al Jaber, President of COP28, that there's ‘no science’ indicating that a phase-out of fossil fuels is needed to restrict global heating to 1.5C. Decarbonisation of the global energy system and ramping up clean energy as we move away from the use and production of fossil fuels was also discussed. 

Episode 44: regulatory update - moving the dial on diversity and inclusion

David Morrey and Ben Farmer discuss new reporting changes for diversity and inclusion (D&I) and how firms will need to improve their D&I strategies, reporting further on disability and ethnicity alongside the already-reported gender pay gap.

Other developments discussed include: Consumer Duty, crypto, interest rates, and much more – sharing insight on how firms and consumers can prepare for the changes ahead.

Episode 43: Regulatory update: Delivering ’fair value’ through the Consumer Duty

What factors affect 'fair value' for the Consumer Duty? 

Setting higher and clearer standards for firms of consumer protection within the financial services sector, David Morrey and Ben Farmer discuss the FCA's Consumer Duty initiative and the outcomes that it's trying to achieve through 'fair value' in their recent regulatory update. 

Other developments discussed include: cost of living, crypto, lending and mortgages, and much more – sharing insight on how firms and consumers can prepare for the changes ahead.

Episode 42: What are the key priorities for internal audit?

In a fast-changing financial services landscape internal audit has become a force of innovation in its own right. Can your own function keep up with the pace?

To find out more about what’s happening in internal audit, listen to a special episode of our financial services regulatory podcast.

Rob Benson and Vivian Lagan from our financial services business risk team are joined by a panel of experts to discuss our recent Internal Audit Report 2022/23:

• Fotoulla Charalambous, Chief Internal Auditor, EBRD
• Carley Eaton, Chief Internal Auditor at Provident Financial Group
• Nick Curle, Chief Auditor, Natwest Group

The panel examines how internal audit can measure performance and help businesses prepare for the many challenges ahead as strategies, regulatory demands, and operating models evolve.

You can read more about our Financial Services Internal Audit Survey findings and download the full report here.

Episode 41: regulatory update – cost of living pressures

As the cost-of-living crisis continues to impact the UK, households are facing challenges with repayments and interest rates: from mortgages to everyday spending.

In July’s regulatory update, David Morrey and Ben Farmer discuss the latest pressures on businesses: the Consumer Duty, mortgage and interest rates, Solvency II, enforcement cases, and more – sharing insight on how firms and consumers can prepare for the changes ahead.

Episode 40: Consumer Duty - a strong case for mastering technology

The next Consumer Duty deadline comes into force in July this year. Introducing new arrangements, enhancing existing governance, making fair value assessments, monitoring processes, and ensuring they can demonstrate compliance by the deadline has been an intensive and challenging journey for many firms. 

In this episode, Irina Velkova welcomes Joseph Twigg, CEO at Aveni, and Simon Murphy, Sales and Marketing Director at Vizolution, to our Risk and Regulation Unravelled podcast to discuss the major role that regtech firms play in supporting implementation of the Duty, and the value of technical solutions.