Risk & Regulation Rundown

In this episode, host Tessa Norman is joined by Adam Gilbert, PwC’s Global Senior Regulatory Advisor on financial services, and Conor MacManus, a Director in PwC’s Financial Services Regulatory Insights team, to explore the evolving regulatory landscape in the United States and the UK. Our expert guests delve into the areas of alignment and divergence in the agenda of policymakers and regulators, and what these mean for firms.Our guests share their perspectives on regulatory responses to recent market disruption, as well as exchange views on Basel III implementation and the expanding consumer protection agenda on both sides of the Atlantic. They also consider the fast-moving world of ESG and technology, comparing and contrasting regulators and policymakers’ emerging regulatory priorities, and the impact on firms with a global footprint.You can contact our PwC speakers if you’d like to discuss any of the topics covered, at tessa.norman@pwc.com, adam.gilbert@pwc.com, conor.macmanus@pwc.com To hear more from us on Risk & Regulation, you can access our regular publications at this site: https://www.pwc.co.uk/industries/financial-services/understanding-regulatory-developments.html 

While our team takes a well-earned summer break, we'd like to take this opportunity to reshare one of our most popular episodes from our last series. In this re-run episode, host Andrew Strange delves into the Metaverse world to discuss the risks and opportunities for financial services. Expert guests Yanna Zhu from PwC’s Metaverse Technologies team, and Laura Talvitie, a Senior Manager in PwC’s FS Regulatory Insights team, break down the developing Metaverse landscape and discuss current trends and the drivers behind its recent high profile. Our guests also analyse what the future may look like for financial services firms grappling with the opportunities and risks the Metaverse presents, as well as what direction regulation may take in the future.

Series 5 Episode 2: Sustainability reporting - decoding CSRDIn this episode, host Tessa Norman is joined by Justine Dixon, a Senior Manager in PwC’s Sustainability practice, and Lucas Penfold, a Senior Manager in PwC’s Regulatory Insights team, to take an in-depth look at the EU’s Corporate Sustainability Reporting Directive (CSRD).Our guests explore the details of the EU’s CSRD package and the steps firms should take to prepare as the implementation period enters a critical phase. They also exchange views on how CSRD interacts with developments in UK sustainable finance regulation, the challenges CSRD presents for firms, and how they can overcome these hurdles.You can contact our PwC speakers if you’d like to discuss any of the topics covered, at tessa.norman@pwc.com, justine.a.dixon@pwc.com and lucas.penfold@pwc.com.  To hear more from us on Risk & Regulation, you can access our regular publications at this site: https://www.pwc.co.uk/industries/financial-services/understanding-regulatory-developments.html

David Croker and Harry Howe discuss the critical role of governance in response to evolving regulations. They explore the impact of ESG, potential changes to SM&CR, and the introduction of the Consumer Duty. The guests also highlight challenges faced by firms and regulatory plans to address them.

Gordon Kemp and Stefanie Aspden from PwC's Risk & Regulation practice discuss the winners and losers of the proposed Basel 3.1 prudential reform package, the impact on bank capital requirements, and the future of banking amid uncertain regulatory environments.

In the first episode of 2023, host Andrew Strange is joined by Conor MacManus, from PwC’s Regulatory Insights team, and Michael Huertas, a Partner in PwC Germany, to reflect on the UK’s 2023 regulatory change agenda, spotlighting key elements of the Government’s Edinburgh Reform package and sharing perspectives on the response from European policymakers and the EU financial services sector. Our guests also set out their predictions for the fortunes of the year ahead, as authorities in the UK and EU navigate a challenging political and economic environment. You can contact our PwC speakers if you’d like to discuss any of the topics covered at andrew.p.strange@pwc.com, conor.macmanus@pwc.com, michael.huertas@pwc.com.

In this episode, host Andrew Strange explores the ESG regulatory agenda alongside two expert guests. Lynne Baber, a Partner leading PwC’s sustainability practice, and Lucas Penfold, from PwC’s Regulatory Insights team, join to discuss the myriad of regulatory initiatives and their impact on the financial sector, corporates, and the wider economy. Our guests also share their perspectives on how firms should be seeing this as more than a compliance exercise and can embrace it to drive long-term value creation for their businesses and wider society.You can contact our PwC speakers if you’d like to discuss any of the topics covered, at andrew.p.strange@pwc.com, lynne.r.baber@pwc.com, lucas.penfold@pwc.com

Duncan Scott and Paul Williams from PwC join the podcast to discuss the challenges and importance of operational resilience in an increasingly volatile environment. They emphasize the shift towards outcome-focused testing, the implications of the upcoming deadline in the banking industry, and the global nature of operational resilience. They also explore the importance of resilience as a driver for value, agility, and innovation.

In this episode, host Andrew Strange revisits the FCA’s Consumer Duty, alongside guests Iqy Hunjan and Ian Ody, Directors in PwC’s Consulting practice. Our expert guests navigate the FCA’s final Consumer Duty rules and guidance, exploring the key challenges facing firms in complying with the new requirements, as well as analysing the regulator’s expectations on monitoring outcomes.Our guests also talk through the progress firms have made to date across the market, breaking down what ‘good’ looks like for firms’ implementation plans and the delivery of good outcomes for their customers.You can contact our PwC speakers if you’d like to discuss any of the topics covered, at andrew.p.strange@pwc.com, ian.ody@pwc.com, iqvinder.k.hunjan@pwc.com.

In this episode, host Andrew Strange delves into the Metaverse world, alongside guests Yanna Zhu from PwC’s Metaverse Technologies team, and Laura Talvitie, a Senior Manager, in PwC’s FS Regulatory Insights team. Our expert guests break down the developing Metaverse landscape and discuss current trends and the drivers behind its recent high profile. Our guests also analyse what the future may look like for financial services firms grappling with the opportunities and risks the Metaverse presents, as well as what direction regulation may take in the future.You can contact our PwC speakers if you’d like to discuss any of the topics covered, at andrew.p.strange@pwc.com, laura.talvitie@pwc.com, and yanna.x.zhu@pwc.com