Shows
Regulation Tomorrow PodcastRegulation Tomorrow HMT and FCARegulation Tomorrow HMT and FCA by NRF Regulation Tomorrow Podcast
2025-11-2514 minRegulation Tomorrow PodcastSterling denominated systemic stablecoinsSterling denominated systemic stablecoins by NRF Regulation Tomorrow Podcast
2025-11-2521 min
Regulation Tomorrow PodcastLet’s talk asset management–Episode 21 AI in asset management: regulatory risks and opportunitiesLet’s talk asset management–Episode 21 AI in asset management: regulatory risks and opportunities by NRF Regulation Tomorrow Podcast
2025-11-2414 minRegulation Tomorrow PodcastLet’s talk asset management: Episode 21 – AI in asset management: regulatory risks and opportunitiesLet’s talk asset management: Episode 21 – AI in asset management: regulatory risks and opportunities by NRF Regulation Tomorrow Podcast
2025-11-2014 min
Regulation Tomorrow PodcastLet's talk Asset Management: Episode 5 - IncentivesLet's talk Asset Management: Episode 5 - Incentives by NRF Regulation Tomorrow Podcast
2025-11-1220 min
Regulation Tomorrow PodcastLet's talk asset management M&A - Episode 4: Due diligence and regulatory issuesLet's talk asset management M&A - Episode 4: Due diligence and regulatory issues by NRF Regulation Tomorrow Podcast
2025-09-1623 min
Regulation Tomorrow PodcastLet’s talk asset management: Episode 19 – ESMA’s Final Report on the UCITS Eligible Assets DirectiveIn our podcast series, Let’s talk asset management, partners from our financial services and asset management teams provide listeners with a crash course on one or more hot topics in the asset management sector. By doing this, listeners will be able to build their knowledge and get insights on recent regulatory developments and market trends.
In this podcast Frank Herring and Simon Lovegrove discuss the proposals contained in the European Securities and Markets Authority’s Final Report on the UCITS Eligible Assets Directive.
2025-08-0510 minRegulation Tomorrow PodcastGlobal Regulation Tomorrow Plus: UK cryptoasset regulation mini-series – Episode 2 – Qualifying stablecoinsGlobal Regulation Tomorrow Plus: UK cryptoasset regulation mini-series – Episode 2 – Qualifying stablecoins by NRF Regulation Tomorrow Podcast
2025-07-0318 min
Regulation Tomorrow PodcastRisks Redefined: Risk Assessments - Key principlesThis podcast is the second in a mini-series discussing risk assessments, which are the cornerstone of an effective risk and compliance program and necessary in a number of areas to meet UK regulatory requirements. The first of our podcasts in the series focused on the new failure to prevent fraud offence which comes into force soon, on 1 September 2025. This second podcast is broader in scope – looking at the key principles for a good risk assessment, which can be applied to a number of different topic areas.
2025-06-2511 minRegulation Tomorrow PodcastSplit the Difference podcast: Reforms to commodity derivatives regulationIn the latest episode of our podcast series, Split the Difference, Hannah Meakin, Floortje Nagelkerke, Anna Carrier, Lucy Dodson and Anita Edwards discuss upcoming and potential reforms to the commodity derivatives regulatory framework in the UK and EU.
2025-04-0225 min
Regulation Tomorrow PodcastFCA Market Watch 81 on transaction reporting – some key takeawaysIn our latest Global Regulation Tomorrow Plus podcast, Jonathan Herbst, Hannah Meakin and Anita Edwards discuss the FCA’s recently published Market Watch 81, which sets out some observations from the regulator’s supervision of the transaction reporting regime.
2024-12-0409 min
Regulation Tomorrow PodcastInside Investigations Ep 5: Investigations and enforcement trends in the Middle EastWith the rise in investigations across the Middle East and the increasingly rigorous and pro-active enforcement appetite of the regulators, it is important to carefully and strategically to mitigate risk.
This Podcast episode will provide an overview of the key trends in investigations across the region, consider some of the underlying policies which shape the regulators’ approach, and provide an overview of the key legal, procedural, governance and reputational issues to be aware of.
2024-11-2519 min
Regulation Tomorrow PodcastLet’s talk asset management: Episode 10 – UK FCA’s recent work on non-financial misconductIn this latest episode of our podcast series, Let’s talk asset management, Hannah Meakin, Lucy Dodson, Rebecca Dulieu and Simon Lovegrove discuss the UK Financial Conduct Authority’s recent work on non-financial misconduct and its impact on the UK asset management sector.
2024-11-1920 min
Regulation Tomorrow PodcastLet’s talk asset management: Episode 9 – ELTIFsIn this latest episode of our podcast series, Let’s talk asset management, Claire Guilbert and Simon Lovegrove discuss European Long Term Investment Funds and the recent European Commission Delegated Regulation containing regulatory technical standards providing further guidance on the regime.
2024-11-1213 minRegulation Tomorrow PodcastLet’s talk asset management Episode 8 – ESMA’s guidelines on funds’ names using ESG or sustainability related termsIn this latest episode of our podcast series, Let’s talk asset management, Cyril Clugnac and Simon Lovegrove discuss the European Securities and Markets Authority’s final guidelines on funds’ names using ESG or sustainability-related terms. The guidelines apply from 21 November 2024.
2024-11-0809 minRegulation Tomorrow PodcastNavigating Communications - Part 2: Promotional messages on social media platformsIn our latest podcast, our global Financial Services team discusses promotional messages on social media platforms, covering recent regulatory and enforcement developments in the UK, US and Dubai, as well as practical steps that global firms can be taking now in this area to manage their risk. This is a two-part podcast series on Navigating Communications – the first of our podcasts covered navigating off-channel communications and is also available now via our Global Regulation Tomorrow podcast page.
2024-11-0120 min
Regulation Tomorrow PodcastLet’s talk asset management: Episode 7 – UK forbearance on investment trust disclosure requirementsIn our new podcast series, Let’s talk asset management, partners from our financial services and asset management teams provide listeners with a crash course on one or more hot topics in the asset management sector. By doing this, listeners will be able to build their knowledge and get insights on recent regulatory developments and market trends.
In this podcast Matthew Gregory and Anita Edwards discuss the UK Financial Conduct Authority’s recent announcement of forbearance measures in relation to investment trust disclosure requirements.
2024-10-2112 minRegulation Tomorrow PodcastNavigating Communications - Part 1: Off-channel messagingIn our latest podcast, our global Financial Services team covers recent regulatory and enforcement developments in the UK, US, Australia and Dubai in relation to off-channel messaging, as well as practical steps that global firms can be taking now in this area to manage their risk (from minute 21). This is a two-part podcast series and in the second part of the series to follow, we will discuss promotional messages on social media platforms.
2024-10-1629 min
Regulation Tomorrow PodcastLet’s Talk Asset Management Episode 6 – Updated AIFMD And NPPR GuidesIn episode 6 of our podcast series, Let’s talk asset management, Claire Guilbert discusses our recently updated AIFMD and NPPR guides. She also touches on the AIFMD passport and national private placement regime in Luxembourg.
Our AIFMD guide looks at how the AIFMD passport works in practice and the differences in local implementation across fourteen EEA Member States. Our NPPR guides looks at the requirements non-EU alternative investment fund managers face when marketing alternative investment funds to professional investors across fourteen EEA Member States, Switzerland and the United Kingdom.
2024-10-1416 minRegulation Tomorrow PodcastTokenization special edition series | Asset-backed tokens: Use cases and legal considerationsIn our latest FinTech Pulse podcast in our Tokenization series, we discuss how asset-backed tokens may be used in relation to real world assets. We explore some use cases as well as legal considerations involved in tokenizing hard assets and considerations that investors and issuers might want to bear in mind.
2024-09-2516 minRegulation Tomorrow PodcastTokenization special edition series | How is tokenization impacting liquidity?In our latest FinTech Pulse podcast in our Tokenization series, we explore how tokenization is impacting liquidity in markets that were once considered illiquid and how collateral management is evolving in this new digital ecosystem.
2024-09-2514 min
Regulation Tomorrow PodcastInside Investigations Ep 4: Privilege - key considerations during an investigationIn our fourth episode of the Inside Investigations podcast series, Thomas Hubbard (Senior Associate, Investigations, Enforcement and Compliance team, Norton Rose Fulbright LLP, London) continues the discussion on privilege in investigations with Alexander Cappel (Partner, Norton Rose Fulbright LLP, Frankfurt), Rongxin Huang (Partner, Shanghai Pacific Legal, Shanghai) and Kevin Harnisch (Head of White Collar Defense and Investigations, Norton Rose Fulbright LLP, Washington).
In this second of two podcasts on privilege, the team discuss what to keep in mind in relation to privilege as an investigation progresses.
2024-09-2513 minRegulation Tomorrow PodcastLet’s talk asset management: Episode 5 – The updated Q&As on SFDR: key issues for fund managersIn our new podcast series, Let’s talk asset management, partners from our financial services and asset management teams provide listeners with a crash course on one or more hot topics in the asset management sector. By doing this, listeners will be able to build their knowledge and get insights on recent regulatory developments and market trends.
In this podcast Cedric Danois discusses some of the key issues that ESMA and the other ESAs raise in the updated Q&As on the SFDR:
• Sustainable investment definition
• Website disclosures
• Principal adverse impact indicators
2024-09-0911 minRegulation Tomorrow PodcastEMEA Podcast RT Investigations Ep3 Privilege Part 1EMEA Podcast RT Investigations Ep3 Privilege Part 1 by NRF Regulation Tomorrow Podcast
2024-09-0414 minRegulation Tomorrow PodcastEMEA Podcast RT Investigations Ep3 Privilege Part 1EMEA Podcast RT Investigations Ep3 Privilege Part 1 by NRF Regulation Tomorrow Podcast
2024-08-2915 min
Regulation Tomorrow PodcastInside investigations: Episode 3 | Privilege Part 1Inside investigations: Episode 3 | Privilege Part 1 by NRF Regulation Tomorrow Podcast
2024-08-2814 minRegulation Tomorrow PodcastNew Public Offers and Admissions to Trading RegimeIn our latest Global Regulation Tomorrow Plus podcast, Jonathan Herbst, Hannah Meakin, Matthew Gregory and Anita Edwards discuss FCA Consultation Paper 24/13 which sets out the new Public Offers and Admissions to Trading Regime.
2024-08-1613 minRegulation Tomorrow PodcastPRA CP11/24 – International firms: Updates to SS5/21 and branch reportingIn our latest Global Regulation Tomorrow Plus podcast, Jonathan Herbst, Hannah Meakin and Anita Edwards discuss PRA Consultation Paper 11/24, which sets out proposals updating the regulator’s approach to international banks.
2024-08-1512 minRegulation Tomorrow PodcastLet’s talk asset management: Episode 4 – New UK investment research rulesIn our new podcast series, Let’s talk asset management, partners from our financial services and asset management teams provide listeners with a crash course on one or more hot topics in the asset management sector. By doing this, listeners will be able to build their knowledge and get insights on recent regulatory developments and market trends.
In this podcast Jonathan Herbst, Hannah Meakin and Anita Edwards discuss the UK Financial Conduct Authority’s final rules for a new option to pay for investment research.
2024-08-1412 minRegulation Tomorrow PodcastLet’s talk asset management: Episode 3 – Retail investment strategyIn our new podcast series, Let’s talk asset management, partners from our financial services and asset management teams provide listeners with a crash course on one or more hot topics in the asset management sector. By doing this, listeners will be able to build their knowledge and get insights on recent regulatory developments and market trends.
In this podcast Frank Herring, a senior consultant in the funds practice in Frankfurt discusses the EU retail investment strategy.
2024-08-1313 minRegulation Tomorrow PodcastThe FCA’s call for input on review of its rules in light of the Consumer DutyIn our latest Global Regulation Tomorrow Plus podcast, Partner Matthew Gregory and Senior Associate Joe Bamford share their thoughts on the FCA’s recently launched call for input on its review of its requirements following the introduction of the Consumer Duty.
2024-08-0607 minRegulation Tomorrow PodcastLet’s talk asset management: Episode 2 – Netherlands spotlightIn our podcast series, Let’s talk asset management, partners from our financial services and asset management teams provide listeners with a crash course on one or more hot topics in the asset management sector. By doing this, listeners will be able to build their knowledge and get insights on recent regulatory developments and market trends.
In this podcast Floortje Nagelkerke, a financial services partner in Amsterdam provides a general outlook for asset management in the Netherlands and then touches on four key issues for the Dutch asset management sector:
• Pension rules / pension transition.
• Digitalisation / Crypto.
• Sustainability.
• Anti-money laundering.
2024-08-0616 minRegulation Tomorrow PodcastLet’s talk asset management: Episode 1 - UAE spotlightIn our new podcast series, Let’s talk asset management, partners from our financial services and asset management teams provide listeners with a crash course on one or more hot topics in the asset management sector. By doing this, listeners will be able to build their knowledge and get insights on recent regulatory developments and market trends.
In this podcast Matthew Shanahan, a financial services partner in Dubai covers three very topical issues impacting the UAE asset management sector:
• DFSA Consultation Paper 158.
• Crypto and tokenisation.
• Update on the ADGM investment funds regime.
2024-08-0613 minRegulation Tomorrow PodcastGlobal Regulation Tomorrow Plus: New EMEA Regulatory Insights Podcast Episode – ItalyIn our EMEA regulatory insights series colleagues from our EMEA offices provide an update on some of the key regulatory issues they are seeing in their local market. In this latest episode Maria Beatrice Gilesi from our Milan office discusses Italy’s implementation of MiCAR.
2024-08-0514 minRegulation Tomorrow PodcastRegulation Tomorrow Plus: DE&I series “Non-financial misconduct”In the sixth podcast in our DE&I series, Jonathan Herbst, Katie Stephen, Rebecca Dulieu and Simon Lovegrove discuss non-financial misconduct including previous FCA enforcement action, the FCA’s proposals in CP23/20 and the practical steps that firms can take in this area. The podcast is the first in a planned mini-series that will focus on this complex and evolving topic.
2024-07-1616 minRegulation Tomorrow PodcastNew EMEA Regulatory Insights Podcast Episode – AustraliaIn our EMEA regulatory insights series colleagues from our EMEA offices provide an update on some of the key regulatory issues they are seeing in their local market. In this latest episode James Morris from our Sydney office discuss recent regulatory developments in Australia including:
• An overview of ASIC’s recently announced priorities in light of the changing regulatory environment.
• Recent developments in the context of regulating buy now pay later products in Australia, including potential changes to the existing surcharging rules.
• Changes to the Reserve Bank of Australia’s approach to payments regulation.
• AML reforms.
2024-07-0327 minRegulation Tomorrow PodcastGlobal Regulation Tomorrow Plus: 30 June 2024 – MiCAR’s first milestoneIn our latest Global Regulation Tomorrow Plus podcast, Anna Carrier, Nikolai de Koning and Sebastien Praicheux discuss the first milestone of Regulation (EU) 2023/1114 on Markets in Crypto-assets (MiCAR). MiCAR establishes a regime for the regulation and supervision of crypto-asset issuance and crypto asset service provision in the EU. Among the activities within the scope of MiCAR are the activities of offering to the public or seeking admission to trading asset-referenced tokens (ARTs) and electronic money tokens (EMTs) and issuing such tokens (ART/EMT activities). These activities will be subject to, respectively, Title III and Title IV of MiCAR from 30 June 2024...
2024-07-0221 minRegulation Tomorrow PodcastRisks Redefined: The UK General Election – Compliance considerations for financial services firms.In the first episode of our podcast series, Risks Redefined, brought to you by the Risk Advisory team, Hannah Meakin and Haney Saadah discuss the upcoming UK general election and what this will mean for firms with regards to compliance, in both the lead up to the election and the implications of the various potential outcomes.
2024-06-2810 minRegulation Tomorrow PodcastGlobal Regulation Tomorrow Plus: What does the general election mean for financial services?In our latest Global Regulation Tomorrow Plus podcast, Jonathan Herbst and Glen Hall discuss what it is like for a new government taking office and, from a financial services perspective, some of the key points arising out of the manifestos and some of the biggest challenges facing a new government.
2024-06-2610 minRegulation Tomorrow PodcastNew Split the Difference podcast: the EU DLT Pilot Regime and the UK Digital Securities SandboxOur podcast series Split the Difference explores divergence between the EU and UK regulatory regimes in the markets space. In the latest episode, Hannah Meakin, Anna Carrier and Simon Lovegrove explore the differences between the EU DLT Pilot Regime and the UK Digital Securities Sandbox.
2024-06-1229 min
Regulation Tomorrow PodcastRisk and Resilience: Episode 4: CRD VI | Future impact on bank reorganisationsRisk and Resilience: Episode 4: CRD VI | Future impact on bank reorganisations by NRF Regulation Tomorrow Podcast
2024-06-0606 minRegulation Tomorrow PodcastConsumer Duty – the annual governing body reportIn our latest Global Regulation Tomorrow Plus podcast, Matthew Gregory, Joe Bamford, Hishaam Khan and Anita Edwards discuss the first annual governing body report, and the governing body’s obligations with respect to it, under the FCA’s Consumer Duty rules. Firms are required to have prepared the report by 31 July 2024, and in this podcast we look at some of the steps firms should be taking to ensure they are ready for the upcoming deadline.
2024-05-3006 minRegulation Tomorrow PodcastGlobal Regulation Tomorrow Plus: FCA’s anti-greenwashing guidanceIn our latest Global Regulation Tomorrow Plus podcast we focus on the FCA’s finalised guidance on the new anti-greenwashing rule. We consider the scope of the new rule, the key differences between the finalised guidance and that consulted on, some “dos and don’ts” for firms and then finally a few words on a new anti-greenwashing tool that we have developed.
2024-05-2212 minRegulation Tomorrow PodcastGlobal Regulation Tomorrow Plus: UK review and horizon scanningIn our latest Global Regulation Tomorrow Plus podcast the financial services knowledge team – Simon Lovegrove, Anita Edwards and Catherine Pluck – provide a review of recent UK regulatory developments and share their thoughts as to what is on the horizon.
2024-05-2122 minRegulation Tomorrow PodcastGlobal Regulation Tomorrow Plus: FCA CP24/7 on payment optionality for investment researchIn our latest Global Regulation Tomorrow Plus podcast, Partner Jonathan Herbst and Of Counsel Uzmah Yunis share their thoughts on the FCA’s recent consultation paper on payment optionality for investment research. Mark Highman, a financial services partner in New York, also provides a US perspective.
2024-04-2915 minRegulation Tomorrow PodcastRegulation Tomorrow Plus: The FOS’s motor finance decisionsIn the second in our series of Regulation Tomorrow Plus podcasts on the FCA’s intervention in the motor finance sector, we take a detailed look at the Financial Ombudsman Service (FOS)’s decisions upholding specific complaints in relation to historical discretionary commission arrangements. The decisions were one of the catalysts for the action the FCA is taking in the sector, and in this podcast we discuss the arguments presented by the firms to the FOS as well as the decisions reached by the FOS.
2024-04-1816 minRegulation Tomorrow PodcastRegulation Tomorrow Plus: FCA CP23/24 on capital deduction for redress for personal investment firmsIn our latest podcast, Partner Matthew Gregory is joined by Senior Associate Joe Bamford, both of whom specialise in retail conduct, to discuss the FCA’s consultation (CP23/24) on changes to the capital requirements for personal investment firms, with particular focus on how firms must calculate their potential redress liabilities for these purposes. The podcast also touches on how these changes may be seen as part of the FCA’s wider proposals and recent regulatory programmes – such as the Consumer Duty. The podcast aims to assist personal investment firms, and key internal stakeholders such as in house legal counsel and compli...
2024-04-1512 minRegulation Tomorrow PodcastRegulation Tomorrow Plus: DE&I series “Inclusivity”In the fifth podcast in our DE&I series, Simon Lovegrove, Hannah Meakin and Hannah McAslan-Schaaf are joined by Alasdair Scott from GP Strategies to discuss inclusivity, how well contributions, presence, and perspectives of different groups of people are valued and integrated into an environment. Inclusivity has become essential in business today with new joiners looking for a specific working culture, one that fosters respect, humility and caters to the requirements of a diverse workforce. For example, Glassdoor found that 76% of job seekers reported that an inclusive workplace is an important factor when evaluating companies and job offers. Also, inclusivity...
2024-04-1013 minRegulation Tomorrow PodcastSplit the difference: European Market Infrastructure Regulation (EMIR)Our podcast series Split the Difference explores divergence between the EU and UK regulatory regimes in the markets space. In the latest episode, Hannah Meakin, Anna Carrier, Georgia Karamani, Floortje Nagelkerke and Simon Lovegrove explore EMIR 3.0 and how the proposed new rules compare with the UK regime.
2024-03-2018 minRegulation Tomorrow PodcastRegulation Tomorrow Plus: FCA intervention in the motor finance sectorIn this latest Regulation Tomorrow Plus podcast we consider the FCA’s recent intervention in the motor finance sector including the action that firms will need to take.
2024-02-1515 minRegulation Tomorrow PodcastRegulation Tomorrow Plus: FCA intervention in the motor finance sectorIn this latest Regulation Tomorrow Plus podcast, we consider the FCA’s recent intervention in the motor finance sector including the action that firms will need to take.
2024-02-0515 minRegulation Tomorrow PodcastRegulation Tomorrow Plus: Submitting better SARs - A guide for MLROs and in-house teamsIn our latest podcast, Senior Knowledge Lawyer Catherine Pluck is joined by Senior Associate Rebecca Dulieu and Associate Lizzie Cox, both of whom specialise in regulatory investigations and enforcement, to discuss reporting obligations under the Proceeds of Crime Act 2002 (POCA), in particular how to draft and submit good quality suspicious activity reports. The podcast aims to assist MLROs, nominated officers and other relevant functions, such as in house legal counsel and compliance officers, to fulfil their obligations under POCA.
2024-02-0524 minRegulation Tomorrow PodcastRegulation Tomorrow Plus: DE&I series “Data protection”In the fourth podcast in our DE&I series, Hannah McAslan-Schaaf and Lara White discuss the data protection aspects of the FCA’s recent consultation paper on diversity and inclusion
2023-11-3018 minRegulation Tomorrow PodcastDecisions Decoded: Lessons from enforcement in relation to cyber incidentsLast month the FCA announced that it had fined Equifax Limited £11,164,400 for failing to manage and monitor the security of UK consumer data it had transferred to its parent company based in the US, Equifax Inc, for processing. In our latest podcast in this series, Catherine Pluck discusses with Katie Stephen and Rosie Nance the lessons from this case, and regulatory enforcement concerning IT issues more broadly, for the various phases in a firm’s lifecycle regarding a cyber incident.
2023-11-2309 minRegulation Tomorrow PodcastDecisions Decoded: Key takeaways from the latest AML enforcement decisionThis podcast is the first in our new series, Decisions Decoded, focussing on decisions and themes in regulatory investigations and enforcement. In this episode, Senior Knowledge Lawyer Catherine Pluck talks to Financial Services Partner Katie Stephen about the recent FCA Final Notice concerning ADM Investor Services International Limited, which has been fined £6,470,600 for inadequate anti-money laundering systems and controls.
2023-11-0913 minRegulation Tomorrow PodcastRegulation Tomorrow Plus: HMT final proposals for UK cryptoasset regulationOn 30 October 2023, HM Treasury (HMT) published its final proposals for the future financial services regulatory regime for cryptoassets in the UK, comprising two responses to consultations and a policy paper. In this latest Regulation Tomorrow Plus podcast (recorded on 2 November), Jonathan Herbst, Hannah Meakin and Anita Edwards discuss HMT’s proposals and the next steps for firms.
2023-11-0822 minRegulation Tomorrow PodcastRegulation Tomorrow Plus: Consumer Duty and ESGIn our latest Regulation Tomorrow Plus podcast Matthew Gregory and Simon Lovegrove discuss the Consumer Duty and ESG.
2023-10-2710 minRegulation Tomorrow PodcastRegulation Tomorrow Plus: DE&I series ‘D&I and individual accountability’In the third podcast in our DE&I series, Simon Lovegrove and Hannah McAslan-Schaaf cover the interplay between the regulatory focus on diversity and inclusion and individual accountability.
2023-10-2410 minRegulation Tomorrow PodcastRegulation Tomorrow Plus: DE&I series ‘What should firms be doing now?’In the second podcast in our DE&I series, Simon Lovegrove and Hannah McAslan-Schaaf discuss what firms should be doing in light of the FCA and PRA consultation papers on diversity and inclusion.
2023-10-2012 minRegulation Tomorrow PodcastRegulation Tomorrow Plus – DE&I series ‘The regulators recent consultations: the key requirements’In the first podcast in our DE&I series, Jonathan Herbst, Hannah Meakin and Hannah McAslan-Schaaf provide an overview of the recent FCA and PRA consultation papers on diversity and inclusion.
2023-10-1013 minRegulation Tomorrow PodcastRegulation Tomorrow: Split the difference - Post Brexit landscape and equivalenceIn the latest episode of our Split the difference podcast series, which explores divergence and convergence between the EU and UK regulatory regimes in the markets space, Jonathan Herbst, Hannah Meakin, Floortje Nagelkerke and Anna Carrier discuss the UK/EU MoU on regulatory cooperation in financial services, equivalence and the impact on market infrastructure. The episode can be found here.
2023-10-0524 minRegulation Tomorrow PodcastRegulation Tomorrow: The Consumer Duty and our new Pathfinder toolIn our latest Regulation Tomorrow Plus podcast, Matthew Gregory, Joe Bamford and Anita Edwards discuss the Consumer Duty, which is now in force for all on-sale products and services, and our new Pathfinder tool which has been developed to help firms ensure they have fully implemented the Duty.
2023-09-2810 minRegulation Tomorrow PodcastRegulation Tomorrow Plus: FCA policy statement on the new financial promotions gateway (PS23/13)On 12 September 2023, the FCA published policy statement PS23/13 on the new regulatory gateway for firms that approve financial promotions. In this latest Regulation Tomorrow Plus podcast, Hannah Meakin, Georgia Jones and Anita Edwards discuss the FCA’s plans for implementing and operating the gateway, as well as highlighting some of the areas firms should be thinking about in preparation for the new rules coming into effect.
2023-09-2512 minRegulation Tomorrow PodcastRegulation Tomorrow Plus: Access to cashThe Financial Services and Markets Act 2023 introduces a requirement for the FCA to exercise new functions for the purpose of “seeking to ensure reasonable provision of cash access services in the United Kingdom, or a part of the United Kingdom”. In this Regulation Tomorrow Plus podcast Matthew Gregory and Simon Lovegrove discuss HM Treasury’s statement of policy on access to cash and the FCA’s statement on its new powers.
2023-09-1908 minRegulation Tomorrow PodcastRegulation Tomorrow Plus: Firms’ obligations to record and retain communications under UK REMITIn this Regulation Tomorrow Plus podcast, Jonathan Herbst, Hannah Meakin and Anita Edwards discuss the obligations that firms have under UK REMIT to record and retain communications relating to their trading in wholesale energy products, in light of a large fine issued to a firm last month by Ofgem, the energy regulator, for breaches of those obligations.
2023-09-1909 minRegulation Tomorrow PodcastRegulation Tomorrow Plus: FCA portfolio letter to principal trading firmsOn 4 August 2023, the FCA published a letter it had sent to the CEOs of firms categorised as ‘principal trading firms’, setting out its strategy for supervising these firms. In this latest Regulation Tomorrow Plus podcast, Jonathan Herbst, Hannah Meakin and Anita Edwards discuss the key points covered in the letter and the next steps for firms.
2023-08-3110 minRegulation Tomorrow PodcastRegulation Tomorrow Plus: Culture – recent developments and practical stepsIn our latest Regulation Tomorrow Plus podcast, Senior Knowledge Lawyer Catherine Pluck is joined by London Financial Services partners Jonathan Herbst and Katie Stephen, who discuss some recent regulatory developments in relation to culture, as well as some practical steps that firms can be taking in this area.
2023-08-3114 minRegulation Tomorrow PodcastSplit the difference: Consolidated TapeIn the latest episode of our Split the difference podcast series, which explores divergence and convergence between the EU and UK regulatory regimes in the markets space, Jonathan Herbst, Hannah Meakin, Floortje Nagelkerke, Anna Carrier and Catherine Pluck discuss Consolidated Tape in the EU and UK.
2023-08-2321 minRegulation Tomorrow PodcastSplit the Difference: Regulatory approach to branchesIn the latest in our podcast series, Split the difference, which explores divergence between the EU and UK regulatory regimes in the markets space, Jonathan Herbst, Hannah Meakin and Floortje Nagelkerke explore the regulatory approach to branches
2023-07-2826 minRegulation Tomorrow PodcastRegulation Tomorrow Plus – Mansion House speech: Key takeawaysIn our latest Regulation Tomorrow Plus podcast, Global Director of Financial Services Knowledge, Simon Lovegrove is joined by London financial services partners Jonathan Herbst and Hannah Meakin, who share their views on the key takeaways from the Chancellor’s recent Mansion House speech and the government’s response to the UK Investment Research Review.
2023-07-1714 minRegulation Tomorrow PodcastPRA consultation on solvent exit planning for non-systemic banks and building societies (CP10/23)On 28 June 2023, the Prudential Regulation Authority (PRA) published Consultation Paper 10/23 setting out proposals for non-systemic banks and building societies in the UK to prepare, as part of their business-as-usual activities, for an orderly ‘solvent exit’ and if needed, to be able to execute one. In this latest Regulation Tomorrow Plus podcast, Jonathan Herbst, Matthew Gregory and Anita Edwards discuss the PRA’s proposed new rules and expectations and what firms would need to do to comply.
2023-07-1411 minRegulation Tomorrow PodcastRegulation Tomorrow Plus – FCA Policy Statement on cryptoasset financial promotionsOn 7 June 2023, the government published The Financial Services and Markets Act 2000 (Financial Promotion) (Amendment) Order 2023 which is the statutory instrument which extends the scope of the UK’s financial promotion regime to cover cryptoassets. The day after the statutory instrument was published, the FCA published Policy Statement 23/6 which sets out the near final FCA rules that will apply to such communications together with a guidance consultation. In this latest Regulation Tomorrow Plus podcast, Hannah Meakin, Haris Karacosta and Simon Lovegrove discuss the FCA’s Policy Statement and the four routes to lawfully communicate cryptoasset promotions to UK consumers.
2023-06-1615 minRegulation Tomorrow PodcastSplit The Difference: Markets in EU and UK – equity secondary marketsIn the latest in our podcast series, split the difference, which explores divergence between the EU and UK regulatory regimes in the markets space, Hannah Meakin, Jonathan Herbst, Floortje Nagelkerke, Anna Carrier and Simon Lovegrove discuss the FCA’s recent Policy Statement on the UK equity secondary markets regime and how the new rules compare with the EU regime.
2023-06-0820 minRegulation Tomorrow PodcastMoU establishing a framework for EU/UK financial services regulatory cooperationIn this podcast Jonathan Herbst, Matthew Gregory and Simon Lovegrove discuss the pros and cons of the Memorandum of Understanding establishing a framework for financial services regulatory cooperation between the EU and the UK.
2023-05-2509 min
Regulation Tomorrow PodcastRegulation Tomorrow Plus: AML - Key themes for firms from recent enforcementIn our latest RT Plus Podcast, Senior Knowledge Lawyer Catherine Pluck is joined by Counsel Joe Smallshaw and Associate Lizzie Cox, both of whom specialise in regulatory investigations and enforcement, to discuss some of the key themes arising from the Financial Conduct Authority’s recent anti-money laundering enforcement decisions.
2023-05-2215 minRegulation Tomorrow PodcastSplit the difference podcast: Markets in EU and UK – Recent and upcoming changes to EMIRIn the latest in our podcast series, split the difference, which explores divergence between the EU and UK regulatory regimes in the markets space, Floortje Nagelkerke, Hannah Meakin, Anna Carrier, Lucy Axford and Simon Lovegrove discuss the recent and upcoming changes to EMIR. This includes the EMIR 3.0 proposal, the clearing obligation for pension scheme arrangements, bilateral margining requirements, EMIR reporting requirements and tiering non-UK CCPs.
2023-04-2423 minRegulation Tomorrow PodcastRegulation Tomorrow: Edinburgh Reforms – The Government’s plan to revoke the PRIIPs RegulationIn this podcast, Matthew Gregory is joined by Claudia Trauffler (Head of Capital Markets, HM Treasury) who discusses the Government’s plans to revoke the PRIIPs Regulation and UK retain disclosure reform generally.
2023-04-1319 minRegulation Tomorrow PodcastNew Regulation Tomorrow podcast – Edinburgh Reforms Series: SMCRIn our latest podcast Simon Lovegrove, Matthew Gregory and Hannah Meakin discuss two important new papers implementing one of the Edinburgh Reforms, which is to conduct a review of the UK’s Senior Managers and Certification Regime.
2023-04-0413 minRegulation Tomorrow PodcastSplit the difference: Markets in EU and UK – CryptoassetsIn the latest in our podcast series, Split the difference, which explores divergence between the EU and UK regulatory regimes in the markets space, Hannah Meakin, Albert Weatherill, Floortje Nagelkerke and Anna Carrier explore some of the markets dimensions of the regulatory reforms involving cryptoassets.
2023-03-0834 minRegulation Tomorrow PodcastRegulation Tomorrow plus podcast – HM Treasury final consultation on the regulation of BNPL productsIn this podcast, Matthew Gregory and Simon Lovegrove discuss HM Treasury’s final consultation on the proposed legislative changes to bring currently unregulated buy-now-pay-later products into scope of the UK Consumer Credit Act 1974, and FCA regulation.
2023-02-2112 minRegulation Tomorrow PodcastRegulation Tomorrow: Split the difference: Markets in EU and UK – The trading venue perimeterIn the latest in our podcast series, Split the difference, which explores divergence between the EU and UK regulatory regimes in the markets space, Jonathan Herbst, Hannah Meakin and Anna Carrier discuss ESMA’s recent opinion on the trading venue perimeter and compare it to the FCA’s proposals in CP22/18.
2023-02-0924 min
Regulation Tomorrow PodcastRT Plus – HM Treasury consults on the UK’s financial services regime for cryptoassetsOn 1 February 2023, HM Treasury issued its latest proposals for the UK’s financial services regime for cryptoassets. It also issued a policy statement on its approach to the regulation of cryptoasset financial promotions. In this podcast Jonathan Herbst is joined by Albert Weatherill and Hannah Meakin who provide their views on the key headlines including scope, authorisation, timing and process.
2023-02-0810 minRegulation Tomorrow PodcastThe Edinburgh Reforms: What do they mean for markets?In our latest podcast on the Edinburgh Reforms, Hannah Meakin discusses what the reforms mean from a markets perspective.
2023-01-2612 minRegulation Tomorrow PodcastSplit the difference: Markets in EU and UK – what we should be expecting and hoping to see in 2023In our new podcast series, Split the difference, which explores divergence between the EU and UK regimes in the markets space, Jonathan Herbst, Hannah Meakin, Anna Carrier and Floortje Nagelkerke provide an overview of what we should be expecting and hoping to see in 2023.
2023-01-1735 min
Regulation Tomorrow PodcastRegulation Tomorrow Plus – HM Treasury’s proposals for buy now pay laterHM Treasury has published its response to last November’s consultation on bringing buy now pay later businesses within scope of regulation from the Financial Conduct Authority. In this Regulation Tomorrow Podcast, Matthew Gregory, Of Counsel in the London financial services team of Norton Rose Fulbright, shares his insights into the response including what in-scope firms should be doing now.
2022-06-3009 min
Regulation Tomorrow PodcastRegulation Around the World - Horizon scanningIn this month's podcast we take a look at what is coming ahead in a horizon scanning episode. We hear from Steven Howard in the US, who discusses the new regulation around private investment funds; Jon Ireland looks at the new corporate collective investment vehicle regime in Australia; Anna Carrier examines various developments in the EU, including changes to the prudential regime, MIFID and also DORA; and Sebastien Praicheux looks at sustainable finance and crowd funding in France. Simon Lovegrove opens the episode with a look at UK developments.
3:30 - Steve Howard (USA)
15:39 - Jon Ireland (Aus)
23:25 Anna Carrier (EU)
34:10...
2022-03-1644 min
Regulation Tomorrow PodcastRT Plus - Recent U.S. Enforcement DevelopmentsIn this episode of RT Plus, Celia Cohen and Samuel Ramer, both partners in NRF's US practice, discuss recent U.S. enforcement developments. Drawing on a wealth of prosecutorial and in-house investigatory experience, Celia and Samuel explore how these developments may affect corporations globally, and provide practical tips for companies to reduce the risk of potential enforcement actions.
2021-11-1717 minRegulation Tomorrow PodcastRT Plus - HMT consultation paper on regulation of Buy Now Pay Later productsIn this latest episode we speak to Matthew Gregory and Joe Bamford about the Treasury’s consultation paper on the regulation of Buy Now Pay Later (BNPL) products.
The consultation, published on Thursday 21 October, follows the Woolard review earlier in the year, which proposed the regulation of BNPL, after a huge increase in the size of the market. In this podcast, Matthew and Joe provide their initial thoughts on the Treasury’s proposals – including which sort of firms might need authorisation and what sort of products are likely to come into scope.
2021-10-2510 minRegulation Tomorrow PodcastRT Plus - UK IFPR Series: The ICARA process and the new MiFIDPRU Remuneration CodeIn this latest podcast in our new mini-series focussing on the new UK Investment Firm Prudential Regime (or UK IFPR), brought to you as part of the Regulation Tomorrow podcast, we look at governance requirements, the ICARA process and the new MiFIDPRU Remuneration Code to firms.
2021-09-2016 minRegulation Tomorrow PodcastRT Plus - Evolution and Divergence: Markets in the EU and UK (Commodities)The first episode in a new RT Plus mini-series, Evolution and Divergence: Markets in the EU and UK, is available now to stream and download. This podcast is the first in a series of five podcasts covering the changing nature of markets in Europe and also the degree to which this results in divergence with the UK regime. The series will cover equities, trading venues, systematic internalisers, and bonds and derivatives. The series begins however, with a look at commodities.
Hannah Meakin and Anna Carrier will discuss scope, the ancillary activities test and also position limits, as they compare what...
2021-08-2523 minRegulation Tomorrow PodcastRT Plus - UK IFPR series: An introduction to UK IFPR and its application to different types of firmThe first podcast in our new mini-series focusing on the new UK Investment Firm Prudential Regime (or UK IFPR), brought to you as part of the Regulation Tomorrow podcast, provides an introduction to the UK IFPR and its application to different types of firm – CPMIs, commodities firms, exempt CAD firms and the application to clearing members and indirect clearing members.
If you would like to skip ahead to a particular section, please see the timing information below:
• General application and categorisation of firms under the new regime – 1.08
• Application to CPMIs – 9.29
• Application to commodities firms – 14.03
• Application to exempt CAD firms – 16.41
• Application to clearing members...
2021-08-1625 min
Regulation Tomorrow PodcastRT Plus - The Treasury's Wholesale Markets Review: A first lookIn this episode of RT Plus Jonathan Herbst and Hannah Meakin take a first look at the recent Wholesale Markets Review as published by the Treasury. This podcast takes an initial look at the key issues, paving the way for a more detailed examination of the proposals in a forthcoming podcast.
2021-07-1914 min
Regulation Tomorrow PodcastEpisode 9In this month's podcast we speak to Jonathan Herbst about the future of financial services in the UK and also the HMT Wholesale Markets Review. We are joined by Sam Ramer from our US practice, who explains the impact of the Biden Administration's memo on establishing the fight against corruption. We then discuss changes to Australia's exemptions regime with Jon Ireland from our Sydney office and we close with a look at recent changes to the anti financial crime regime in China, with partner in our Shanghai office, Sun Hong.
If you would like to skip ahead to a particular...
2021-07-1443 minRegulation Tomorrow PodcastRT Plus - FCA DP21/1: Strengthening our financial promotion rulesIn this latest RT Plus podcast Simon Lovegrove, Peter Snowdon and Matthew Gregory discuss the FCA’s recent discussion paper setting out proposals to change the financial promotion rules for high-risk investments (FCA DP21/1).
2021-06-0312 min
Regulation Tomorrow PodcastEpisode 7In this month's podcast we speak to Celia Cohen in New York about recent enforcement trends in the US, with a focus on whistle-blowing; we hear from Anna Carrier in Brussels who discusses the new European commodities regime and we are delighted to welcome Jeffrey Mushens from the trade body, TISA, who will be discussing MiFID costs and charges with Matthew Gregory and Joe Bamford from our London office.
2021-05-1336 minRegulation Tomorrow PodcastRT Plus - The FCA's whistleblowing publicationsIn this episode of Regulation Tomorrow Plus, Jonathan Herbst and Katie Stephen discuss this week's whistleblowing publications by the FCA and what this might mean for financial services firm.
This podcast was recorded on 25 March 2021.
2021-03-2606 minRegulation Tomorrow PodcastRT Plus - The NRF Conduct HealthcheckWelcome to our first episode of Regulation Tomorrow Plus - the spin off podcast from the Regulation Tomorrow Podcast.
Regulation Tomorrow Plus is shorter, sharper and more reactive - released as and when news or publications are issued. In this opening episode, John Coley and Iain Hawthorn take us through the NRF Conduct Healthcheck and the related summary report, which is published later this week.
2021-03-0908 minRegulation Tomorrow PodcastEpisode 4After a Christmas hiatus, the Regulation Tomorrow Podcast is back with a bumper-sized episode to kick 2021 off with a bang.
In episode 4, Jonathan Herbst gives a quick update on Brexit before examining the short selling restrictions on GameStop in the US from a UK market abuse perspective (this begins at 06:38). We’re delighted to be joined by our first special guest, the Payment Systems Regulator’s General Counsel and Head of Enforcement and Competition, Carole Begent, who will be taking a look at the year ahead with Norton Rose Fulbright’s own payments expert Albert Weatherill. We also hear from Joseph...
2021-02-0426 minRegulation Tomorrow PodcastEpisode 2The Regulation Tomorrow Podcast is back with the latest updates on financial services risk and regulatory issues. In this episode, we run through the top news stories of the last month, before catching up with Global Head of Financial Services, Jonathan Herbst, for another update on Brexit. We also hear from Caroline Herkströter, partner in our Frankfurt office, who will be discussing the German position on reverse solicitation. Finally, we chat to Lisa Lee Lewis, Head of Advisory in our Risk Consulting practice, who provides an insight into the findings of our recent global operational resilience survey. Stay tuned t...
2020-11-0422 minRegulation Tomorrow PodcastEpisode 1The end of the Brexit transition period is fast approaching, and much of the future UK-EU relationship is yet to be decided, leaving many in financial services eagerly wondering what will happen next. In the first episode of the Regulation Tomorrow podcast, Jonathan Herbst, Global Head of Financial Services at Norton Rose Fulbright, provides an update on the status of the negotiations and gives his views on what’s next for financial services firms. He’s joined by Imogen Garner who discusses the hot topics in the asset management space and Hannah Meakin, who looks at the world of market infr...
2020-10-0823 min