Regulation affects every aspect of how financial services firms operate, and there are many bodies to consider, often simultaneously. In the UK, this includes the Financial Conduct Authority, the Payment Services Regulator, the Competition and Markets Authority, the Bank of England, the Pensions Regulator, the Prudential Regulation Authority and the European Commission.
We guide clients through this dense forest, with a deep understanding of how markets work and how regulators approach them.
Our work includes strategic advice on regulatory engagement and regulatory brand, support in responding to market studies and thematic reviews and assessing the impact of regulation on business models.
We also support clients in conversations with government, guiding them through how policy changes may affect their business and what to do as a result. We are at the heart of the evolving policy landscape at both national and EU levels, including:
- Digitisation of services and robo-advice
- Long-term savings adequacy
- Personal current accounts and overdraft pricing
- Potential impact of international and macroeconomic policy changes
- Lessons of behavioural economics for policy
- Implementation of financial regulation like Open Banking or Consumer Duty
We also work directly with government departments and regulators.