Regulation

Financial firms are struggling to quantify climate-related risk, according to the sector watchdog the Prudential Regulatory Authority (PRA). After analysing audit reports for 2021-2022, it wrote to firms in October highlighting key areas of… More

The UK Government is to crack down on fraud by reforming Companies House and strengthening anti-money laundering powers. Proposals contained in a new Bill – the Economic Crime (Transparency and Enforcement) 2022… More

The European Union plans to crack down on forced labour by banning products made by victims of modern slavery. The proposals cover products made in the European Union (EU) and imports that use such… More

ESG disclosure by US fund managers needs more detail if it is to be meaningful, according to market insight consultancy Util. It said managers using the UN Sustainable Development Goals must report… More

The governments of the UK and Hungary launched windfall taxes to tackle the rises in living costs because of soaring energy prices. In the UK, chancellor Rishi Sunak announced a 25 per… More

The deadline for operational resilience measures mandated by the UK financial regulator the FCA is imminent. From the end of March financial services firms must demonstrate they have a grip on operational… More

The US government may create a digital bill of rights to protect people against artificial intelligence technologies. The White House’s Office of Science and Technology Policy is looking at how biometric technologies… More

Online platforms could see European Union (EU) surveillance regulations block products for sale when they come into force this month. While those who manufacture import and deliver products still carry the responsibility… More

A wide-ranging review of how financial services firms are regulated could be an opportunity to improve risk management, IRM has said in its response to consultation on the issue. “This review represents… More