Regulation Tomorrow Podcast

The first episode in a new RT Plus mini-series, Evolution and Divergence: Markets in the EU and UK, is available now to stream and download. This podcast is the first in a series of five podcasts covering the changing nature of markets in Europe and also the degree to which this results in divergence with the UK regime. The series will cover equities, trading venues, systematic internalisers, and bonds and derivatives. The series begins however, with a look at commodities.

Hannah Meakin and Anna Carrier will discuss scope, the ancillary activities test and also position limits, as they compare what is being proposed by the Treasury in the UK with what is currently being legislated in the EU by way of the MiFID review

In this episode Jonathan Herbst and Matthew Gregory discuss policy statement PS19/21 which sets out the PRA's approach to branch and subsidiary supervision.

In the latest episode of our mini-series on the UK Investment Firm Prudential Regime (or UK IFPR) we look at own funds requirements, fixed overheads requirements, and the K-factors for Assets Under Management (K-AUM) and Client Orders Handled (K-OH).

If you would like to skip ahead to a particular section, please see the timing information below:

• Own fund requirement and fixed overheads requirements – 0.52

• K-factors for Assets Under Management (K-AUM) – 6.40

• K-factors for Client Orders Handled (K-OH) – 12.45

The first podcast in our new mini-series focusing on the new UK Investment Firm Prudential Regime (or UK IFPR), brought to you as part of the Regulation Tomorrow podcast, provides an introduction to the UK IFPR and its application to different types of firm – CPMIs, commodities firms, exempt CAD firms and the application to clearing members and indirect clearing members.

If you would like to skip ahead to a particular section, please see the timing information below:

• General application and categorisation of firms under the new regime – 1.08

• Application to CPMIs – 9.29

• Application to commodities firms – 14.03

• Application to exempt CAD firms – 16.41

• Application to clearing members and indirect clearing members – 19.56

In this episode of RT Plus Jonathan Herbst and Hannah Meakin take a first look at the recent Wholesale Markets Review as published by the Treasury. This podcast takes an initial look at the key issues, paving the way for a more detailed examination of the proposals in a forthcoming podcast.

In this month's podcast we speak to Jonathan Herbst about the future of financial services in the UK and also the HMT Wholesale Markets Review. We are joined by Sam Ramer from our US practice, who explains the impact of the Biden Administration's memo on establishing the fight against corruption. We then discuss changes to Australia's exemptions regime with Jon Ireland from our Sydney office and we close with a look at recent changes to the anti financial crime regime in China, with partner in our Shanghai office, Sun Hong.

If you would like to skip ahead to a particular section, please see the timing information below:

Jonathan - 3:30

Sam - 9:30

Jon - 18:26

Sun - 28:25

In this episode of RT Plus we speak to Albert Weatherill about the action taken by the FCA against the crypto trading firm, Binance. Albert looks at the FCA's actions this week and examines what the longer term and broader impacts of this action could be.

In this episode we’re playing a conversation that took place recently between Katie Stephen and Sonya Zywko regarding how to deal with enquiries from the regulator regarding market disclosures, including discussion of how to mitigate the risk of receiving an enquiry and when issues are raised, how best to respond.

In this month's episode we receive an update on Brexit from Jonathan Herbst, as he discusses the future of financial services in the UK with Hannah Meakin. We speak to Imogen Garner, Iona Wright and Daniel Nevzat about product categorisation under the Sustainable Finance Disclosure Regulation (SFDR), and we hear about the EU's new proposals for a digital identity wallet from Flupke van den Bogart in Brussels.

In this latest RT Plus podcast Simon Lovegrove, Peter Snowdon and Matthew Gregory discuss the FCA’s recent discussion paper setting out proposals to change the financial promotion rules for high-risk investments (FCA DP21/1).