- Increasing Focus on AI — AI developments and uses and the evolving legal and regulatory landscape may bring about new litigation and enforcement risks stemming from claims of algorithmic bias,
News & Commentary on Financial Regulatory and Compliance Matters
Matt Hancock is a member of the Litigation Practice in Greenberg Traurig's London Office. He is focused on contentious regulation with a particular concentration on clients’ interactions with the UK Financial Conduct Authority (FCA) and Prudential Regulatory Authority (PRA). He has considerable experience defending individuals and corporates against regulatory Enforcement action and in helping regulated corporates and individuals pre-empt and manage other forms of regulatory scrutiny. He is also very experienced in the interaction between UK regulation and employment law, with a strong background in the UK Senior Managers and Certification Regime. Feedback in Legal 500 notes Matt as “an exceptional lawyer”, “incredibly diligent”, “as a charismatic and ebullient presence who provides superb client service and regularly wrong-foots regulators and opponents with his imaginative tactics and keen grasp of detail”.
The UK Financial Conduct Authority (FCA) is expanding the reach of its Code of Conduct (COCON) for non-bank firms and consulting on new guidance related to non-financial misconduct, with changes taking effect from September 2026 that will align requirements more closely with those already applicable to banks.…
Continue Reading UK FCA Expands the Reach of COCON and Consults on Non-Financial Misconduct
The UK Financial Conduct Authority (FCA) has proposed significant changes to the safeguarding requirements for UK registered payments and e-money firms (CP24/20). The FCA’s goal is to replace the current…
Continue Reading UK FCA Proposes Changes to Safeguarding Regime for Payments and E-Money Firms
This 5 Trends piece covers non-financial misconduct, the Senior Managers and Certification Regime, FCA investigations and Upper Tribunal proceedings, motor finance, and FCA Sustainability Disclosure Requirements. …
Continue Reading 5 Trends to Watch: 2024 UK Financial Services Regulation
1. Non-financial misconduct – FCA guidance expected
It is anticipated that in 2023 the Financial Conduct Authority (FCA) will provide further guidance on the increasingly uncertain question of what kinds…
Continue Reading 5 Trends to Watch: 2023 UK Contentious Financial Regulation
In December 2021, the UK Financial Conduct Authority (FCA) published a consultation to set a higher standard of consumer protection in retail financial markets, an endeavor which began in July…
Continue Reading FCA Takes Next Step Towards a UK Consumer Duty: An Update for Regulated Businesses
The Appointed Representatives Regime (ARR), a well-known and important feature of the UK regulatory landscape, enables certain businesses – Appointed Representatives (ARs) – to conduct regulated activities without having to…
Continue Reading Principals in the Spotlight as UK’s FCA Consults on Changes to Appointed Representatives Regime
To expedite decisions to prevent or stop consumer harm, the Financial Conduct Authority (FCA) has implemented a controversial change to its decision-making procedures. The change forms part of the FCA’s…
Continue Reading UK FCA Implements Controversial Change to Its Decision-Making Procedures