Today’s episode is a special one produced in association with Global Relay, a technology firm providing global financial services firms with the software to capture, store and monitor their employees’ communications. Today’s guest discusses how financial institutions in the US and UK are responding to regulatory pressures to more closely track thei…

Today’s guest discusses the policy and regulatory outlook for artificial intelligence in the US, UK and EU and outlines how policymakers, regulators and City bosses can best manage the risks arising from the financial industry’s increasing use of AI technology. She details the policies that she would like politicians in the US and UK to prioritise …

Today’s episode is a special one produced in association with Global Relay, a technology firm providing global financial services firms with the software to capture, store and monitor their employees’ communications. Today’s guest outlines how financial services companies and their regulators are preparing for an expected clampdown on employees’ so…

Today’s guest outlines how finance bosses can best support those running their risk, audit, and compliance functions to avoid serious disruptions in future. He cautions that without such investment in their governance, regulatory and controls functions, financial institutions risk inducing regulatory fatigue and provoking “flight risk” amongst valu…

Today’s episode is a special one produced in association with Global Relay, a technology firm providing global financial services firms with the software to capture, store and monitor their employees’ communications. Today’s guest highlights the surveillance blind spots that pose “massive” compliance risks to large sections of the financial service…

Today’s episode is a special one produced in association with Smarsh, a global technology firm providing regulated organisations of all sizes with cloud-native digital communications capture, retention, and oversight solutions to help them identify regulatory and reputational risks within their communications data before those risks become fines or…

Today’s guest discusses UK regulators’ recent proposals to foster diversity and inclusion in the City, including the aspects of the measures she would like to see given more consideration and the role finance bosses must play to ensure the initiative’s success. She details how AI tools are being used to adapt the role of the compliance officers she…

Today’s guest outlines the three financial services reforms he expects the next government will prioritise. He details where he believes this government has gone wrong in its efforts to establish the UK as a thriving investment hub post-Brexit, and he explains what changes to the financial services sector he believes this government should avoid in…

Today’s episode is a little different to normal. It is a recording of a recent panel discussion from City & Financial Global’s ninth annual 'Culture and Conduct Forum for the Financial Services Industry'. I was invited to moderate a panel on moral capitalism and we discussed how financial services can best link their profits with their purpose, how…

Today’s guest outlines what UK lawmakers have missed in their efforts to address the fallout from the cost-of-living crisis. He details what policy changes the next government should prioritise to prevent long-term damage arising from the aftermath of the crisis. And he explains how the Financial Conduct Authority’s new consumer-focused rules shoul…

Today’s guest outlines how the UK can best prepare for a move to a cashless society. He calls on lawmakers to do more to guide those uncomfortable with that move through the transition to a digital economy and explains why any such digital inclusion programme must start with a clampdown on the UK’s “big” digital fraud problem. John Howells is a for…

Today’s guest outlines why consumer advocacy should matter to those working in financial services and how those in the sector who agree can best get their voices heard. He details what he would like to change about the UK markets watchdog the Financial Conduct Authority and UK regulation in general. And he discusses why he believes a “derisory” com…

Today’s episode is a special one produced in association with Smarsh, a US-headquartered technology firm providing global financial services companies with the tools to capture, store, and monitor their communications. Today’s guest outlines how he expects the rise of artificial intelligence tools to change the way in which financial institutions’ …

Today’s guest calls on City executives to play a more proactive role in guiding regulators and policymakers in their efforts to both future-proof and foster competition within the UK’s financial services sector. She discusses how she believes the UK’s financial sector and its regulators can best navigate the vast programme of regulatory change deri…

Today’s guest discusses why he believes London has lagged other financial centres in recent years. He outlines the issues within UK financial services he believes City watchdogs should prioritise to strengthen London as a financial centre and as a listing exchange amid what he sees as a post-Brexit crisis of confidence. He also details what measure…

Today’s guest outlines the changes he believes are necessary to future-proof both the UK’s finance regulator the Financial Conduct Authority and the country’s top prosecution agency the Serious Fraud Office. And explains why it’s vital for the two organisations to begin working together more effectively. He also discusses how the UK’s accountabilit…

Today’s guest discusses his tenure as chair of the UK finance regulator the Financial Conduct Authority including his highs and lows in the role, and his advice for those now running the watchdog. He also outlines what unfinished business he had on leaving the FCA, and in doing so explains why “the time is now” for UK policymakers to do more to sta…

As UK watchdogs continue their drive to stamp out aspects of poor culture within the financial services sector, those tasked with responding to the many ongoing and upcoming regulatory requirements can easily feel overwhelmed. Today’s guests outline what financial services bosses and board should do to cut through the regulatory noise while still b…

Today’s episode is a deep dive into the culture of the UK’s top financial watchdogs: the Financial Conduct Authority and the Prudential Regulation Authority. In it, I reveal that the FCA received 38 allegations of bullying, harassment racism and discrimination taking place within its ranks in 2020, 2021 and 2022, while the PRA received three such r…

Today’s guest outlines how she expects financial services bosses and the policymakers setting their rules will adapt to a “paradigm shift” in global geopolitics that will see China get increasingly assertive, US more protectionist and Russia more aggressive. She details the investment opportunities that she believes will arise from these changes to…

Today’s guests detail the opportunities they believe that lawmakers missed when drafting their plans to regulate crypto-assets in the UK. They explain how financial services regulation could be improved if the industry’s watchdogs did more to integrate technology underpinning crypto-assets into their operations. And they offer advice to compliance …

Today’s guest outlines what City bosses are getting wrong in their efforts to improve the culture of the organisations under their management. He explains the anthropological tools that financial institutions’ boards and leaders could use to both better understand the causes of - and prevent - bad behaviour amongst their employees. And he outlines …

Today’s episode is a special one produced in association with Clausematch, a regulatory technology company providing financial services companies in the UK, US and Asia with solutions to address challenges within policy management and regulatory change. Today’s guests call on financial services regulators globally and the companies they supervise t…

Today’s guest outlines how the UK’s markets watchdog is adapting the way it works and resources its teams to ensure it is fit to meet its ever-expanding remit. She calls on City workers to be “a bit more understanding” about the Financial Conduct Authority’s limits as it navigates this growing to-do list, to speak out if the regulator is “getting s…

Today’s episode is a special one produced in association with Smarsh, a US-headquartered technology firm providing global financial services companies with the tools to capture, store, and monitor their communications. Today’s guest outlines why it’s imperative that regulators and the financial services firms they supervise work together now to det…

Today’s guest was the first person in the world to be jailed for rigging the London interbank offered rate a benchmark that helped to determine interest rates or mortgages in sizeable corporate loans. He is also one of the only bankers to be sent to prison after the financial crisis. Tom Hayes is a former UBS and Citigroup trader who spent half of …

Today’s guest outlines where in the financial services sector compliance professionals will be able to find new jobs and salary increases in the coming months, and where we can expect a slowdown in recruitment. He details the common mistake finance bosses make when hiring and promoting back-office expertise and how to avoid them. And he explains wh…

Today’s guests set out how financial services firms should best respond to the now myriad and rapidly-changing environmental, social and governance requirements in existence worldwide and the steps they should take now to prepare for formal or informal challenges to their ESG credentials. They outline the role of legal and compliance staff as well …

Today’s guest explains what he believes the right regulatory response to the collapse of crypto exchange FTX would be. He details the policies UK lawmakers and regulators should consider as they seek to more closely police all things crypto while also establishing the City’s as a competitive finance hub post-Brexit. And he outlines what EU policyma…

Today’s guest urges UK lawmakers to create a replacement body to the audit, actuarial and accounting watchdog the Financial Reporting Council “as fast as possible”, almost four years after such a move was first recommended. She lays out the case for the UK government to prioritise better, simpler rule-making over more regulation when looking to ref…

Today’s guest outlines how she believes UK lawmakers and regulators can best retain and grow a competitive fintech hub both in a tough economic period and the City’s new post-Brexit era. She details the achievements of the UK’s approach to open banking, and offers advice on how to move this initiative forward. These are ideas we should see feed thr…

Today’s guest calls out UK finance regulators for their vocal opposition to proposed new government powers that would see lawmakers able to call watchdogs in to explain aspects of their approach to policing the City, arguing that such a stance is both “self delusion” and “constitutionally wrong”. He calls on the UK’s Financial Conduct Authority to …

Today’s guest outlines the steps UK institutions, and their regulators could take now to prevent London from losing its status as a global clearing hub. He details the regulatory changes to equity markets and pension fund rules that UK lawmakers should consider to ensure the City retains its global leadership in financial services post-Brexit. And …

Today’s guest outlines why, in a time of significant cuts to public services, the UK government should consider increasing funding for the Serious Fraud Office, the UK’s top prosecution agency for white collar crime. He also lays out the case for significantly simplifying the workload of the UK markets watchdog the Financial Conduct Authority and o…

Today’s guest explains how he would like to see the UK parliament’s influential Treasury Select Committee change to best regulate new asset classes like crypto. He details the regulatory priorities he believes the next UK government should have to future-proof the UK financial services sector. He also outlines his concerns around the UK markets wat…

Today’s guest explains why the UK’s financial sector could be heading towards another major financial scandal and what City regulators and firms under their remit can do now to prevent such an event from coming to fruition. He outlines how he believes the UK markets’ watchdog’s approach to policing City behaviour must change to better enable financ…

Today’s guest discusses what regulators and lawmakers should consider in their efforts to rethink regulation for UK insurers post-Brexit. She explains what UK watchdogs should be doing now to foster innovation within the insurance sector, and how regulators themselves could innovate to improve rule-making for financial services firms generally. She…

Today’s guest details how European regulators are changing their approach to regulating Europe’s markets and what that means for the financial services firms under their supervision. He outlines the tools Europe’s top finance watchdogs are missing in their efforts to better police European markets, and how he believes national European regulators n…

Today’s guest explains why he was reluctant to pursue an aspect of Chancellor Kwasi Kwarteng’s proposed financial services reforms while in office. He calls on UK regulators to rethink the way they interact with the financial services industry and lays out the case for a fundamental review of the fees the UK markets’ watchdog charges the financial …

Today’s guest outlines what she believes a UK government under prime minister Liz Truss will really mean for the country’s financial services sector. She explains why it’s time for the UK’s markets' watchdog to take a regulatory pause, and why a rethink of the FCA’s industry levy is needed. She also details what UK lawmakers missed in relation to p…

Today’s guest details the EU and UK regulatory concerns that he believes should be keeping the world’s largest hedge funds up at night. He calls on UK lawmakers to do more to address what he sees as an urgent need for a UK fund vehicle to help the country’s asset management sector better compete with its rival European hubs. And he warns of the unf…

Today’s episode is a special one produced in association with ComplyAdvantage, a UK-headquartered technology firm providing global financial services companies with the tools to counteract financial crime. Today’s guest explains how companies can best use their sanctions compliance processes to gain a competitive advantage and he details what could…

Today’s guest details the problems he sees arising from the City reforms proposed by the candidates vying to become the UK’s new prime minister. He outlines his plans to address the issues he sees at the UK markets watchdog the Financial Conduct Authority. And he explains why he fears that the current drive to innovate compliance could ultimately d…

Today’s guest outlines how he believes UK markets watchdog the Financial Conduct Authority is falling short in its efforts to clamp down on poor behaviour amongst City bosses. He details what regulators are doing now to more closely track the culture of financial institutions under their watch, and what the firms in question are getting wrong in th…

Today’s guest reveals how one of the world’s largest banks navigates regulatory change. He outlines what his bosses want to know when the UK appoints a new Prime Minister, and he details what he believes needs to happen to ensure the UK financial markets remain competitive post-Brexit. Richard Kaye has spent the past seven of his 26 year career at …

Today’s episode is a deep dive into the Financial Conduct Authority’s efforts to tackle finance workers’ misbehaviour outside of the day job. In it, I reveal that the FCA received 746 notifications of such misconduct amongst senior City staff in 2020 and 2021. Of those, 646 related to breaches of Covid restrictions. Together with today’s guests, we…

Today’s guest details what finance bosses should be doing now to better manage future compliance crises. He reveals what he really wants from his senior compliance executives and the common mistakes those in that role make when interacting with top bosses at any business. He details what UK lawmakers missed when it came to post-Brexit reform of the…

Today’s guest warns that the compliance sector risks a major skills shortage in its junior ranks. He reveals why the majority of regulatory technology solutions can not live up to their promise. He unpicks the compliance challenge created by the increasing regulatory focus on environmental, social and governance matters and he outlines the skills h…

Today’s guest outlines the vast compliance challenges that financial services companies with a European presence must tackle to ready themselves for the world’s first far-reaching set of rules specifically targeting the development and use of artificial intelligence. She warns that more than 80% of finance firms polled are currently ill-equipped to…

Today’s guest outlines how he believes the Financial Conduct Authority’s ever-expanding remit could impact its drive to become a data-led regulator. He reveals some common mistakes financial services firms make when interacting with the watchdog. He explains why he thinks the UK's asset management regulatory framework could benefit from a fundament…