Welcome to the Autumn 2022 edition of our Banking sector – Hot Topics series. This edition discusses some of the key developments currently affecting the sector, including:
- regulatory reform in the banking sector, which focuses on achieving growth and increased competition in the sector
- the Future Regulatory Framework for financial services as a whole and the FCA's new Consumer Duty for retail financial services
- the significant developments taking place in relation to sustainability and digital financial services.
Other developments are covered in brief on which more activity should be seen in 2023, including Brexit-related equivalence, LIBOR transition and the regulation of buy now pay later products.
Please do contact us if you would like to discuss any of the areas covered in this edition, or any other legal or regulatory development affecting your business.