Financial Services Risk and Regulation Unravelled Podcast

Jan 24 2025 70 ep. 37 mins 17
Financial Services Risk and Regulation Unravelled Podcast artwork

Grant Thornton UK LLP’s Financial Services Risk and Regulation Unravelled podcast brings you conversations about the dynamic world of risk and regulation. We help our financial services clients understand new regulatory and risk developments, upcoming changes and talking points in the industry. Led by Grant Thornton’s Partner, David Morrey and Director, Irina Velkova alongside renowned experts as they share their insights each month.

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Regulatory update - What should we expect in 2025?

Jan 24 2025 20 mins  
David Morrey and Ben Farmer discuss the regulatory issues that they expect will have a significant impact on the financial services sector in 2025, including motor finance remediation and the future of the FCA Handbook. They also ask what the growth agenda (and the Chancellor’s Christmas challenge to each regulator) will mean in practice.

Episode 69: Regulatory update – where are we at the end of 2024?

Dec 23 2024 27 mins  
In our final episode of the year, David Morrey and Ben Farmer discuss the latest updates on the motor finance saga, where the Supreme Court has expedited an appeal involving Close Brothers, and the FCA's involvement in urging a swift resolution. The conversation also covers other topics related to this regulator: Consumer Duty feedback, and review of it in annual reports Insight o

Episode 68: Regulatory update – the Government's financial services reforms

Dec 04 2024 28 mins  
In the latest episode David Morrey and Ben Farmer discuss a bumper list of current regulatory issues as previewed in Rachel Reeves's Mansion House speech, aimed at unlocking innovation and growth: Modernising the Financial Ombudsman Service The Government's desire to modernise the Financial Ombudsman Service framework, including the previously issued call for inputs. Certification

Episode 67: Navigating motor insurance total loss claims

Nov 18 2024 22 mins  
In this episode, we delve into the key aspects of motor insurance total loss claims. Blandine Arzur-Kean, Managing Director, Grant Thornton is joined by colleague Philip Tregurtha, Director, Grant Thornton and Kate Pender, CEO, Fair4All Finance, to discuss: best practices for vehicle valuation and settlement processes fair and standardised processes for settling claims supporting

Episode 66: Court of Appeal ruling on motor finance commission

Nov 12 2024 16 mins  
David Morrey, Head of Financial Services Regulatory Advisory, and Paul Garbutt, Head of Banking, discuss the recent Court of Appeal decision regarding motor finance complaints, which requires greater disclosure of commissions paid to brokers and explicit consent from borrowers. This decision has significant implications for the industry, extending beyond regulatory requirements to

Episode 65: Reflecting on one year of the Consumer Duty

Oct 28 2024 28 mins  
It’s been over a year since the financial services industry began embedding the Consumer Duty for existing products. The FCA’s relentless focus on good consumer outcomes is reshaping the landscape. In our latest podcast episode Blandine Arzur-Kean is joined by regulatory experts David Morrey, Peter Lovegrove, and Supriya Manchanda to discuss: the impact of the Consumer Duty

Episode 63: Regulatory update - Regulatory Initiatives Grid 2024

Oct 21 2024 18 mins  
As the eighth edition of the FCA's Regulatory Initiatives Grid was delayed due to the General Election, an interim update to the November 2023 publication has been released for the period October 2024 to March 2025. In this episode of the podcast, David Morrey and Ben Farmer pull out 10 key takeaways: Diversity and inclusion Basel 3.1 rules Prudential framework FCA's updated enforc

Episode 63: Regulatory update: FCA's clear verdict – why firms are still missing the mark

Sep 18 2024 19 mins  
David Morrey and Ben Farmer dive into the latest key regulatory updates. Consumer Duty The FCA's thematic review 24/2 on product governance and its implications for the market, including the importance of firms adhering to product governance rules and the FCA's expectations around product reviews, fair value assessments, and the need for firms to provide evidence to support their c

Episode 62: Regulatory Update - Consumer Duty; let the rule changes begin

Aug 22 2024 17 mins  
David Morrey and Ben Farmer dive into the latest key regulatory update topics, which include: Consumer Duty: discussion of the Consumer Duty one year after its establishment, focusing on the consequential changes and the FCA's call for input on updating the handbook to align with the Consumer Duty principles Handbook changes: insights into the Financial Conduct Authority’s (FCA)

Episode 61: Regulatory update – Diversity to de-banking: The FCA's Roadmap for 2024

Jun 21 2024 38 mins  
David Morrey and Ben Farmer discuss the impact of the general election on the financial services sector, such as the delays to the Regulatory Initiatives Grid, the Finance Act, the alternative investment fund designation bill, and the FCA's proposals on naming and shaming. Other topics discussed include: The FCA's decision to allow four insurers to resume selling GAP insurance aft