Policy in practice: Labour and financial services – one year on

In the latest episode of our Policy in practice podcast, Head of Public Policy David Gauke is joined by Financial Services Regulation Partners, Alexandra Green and Michael Sholem to reflect on the Labour government’s approach to financial services, just over a year since taking office.

They cover:

• the Treasury’s focus on growth and the FCA’s response to its revised remit;
• proposed reforms to redress, retail advice and the Consumer Duty;
• anticipated Mansion House announcements, particularly on overseas market access and senior manager approvals; and
• developments in capital markets, regulatory reporting and bank ring-fencing.

They highlight that while financial services remain central to the government’s economic strategy, the pace and scope of reform are still evolving. Uncertainty around implementation and risk appetite may affect the longer-term impact of the growth agenda.

If you would like more information or wish to discuss any of the topics covered in this podcast, please get in touch with David, Alexandra or Michael.  We’ll also be sharing further insights following the Mansion House speech.