The Banking Regulation Review - United Kingdom chapterMay 2016 | Client publication/article
The UK financial regulatory framework across all financial sectors, including the banking sector, has undergone significant reform in response to the financial crisis of 2007 – 2009.
The UK chapter considers, among others, two key areas of focus during the past year for many of the larger UK banking groups, namely the introduction of a new ‘senior managers’ regime for the regulation of senior individuals in banking groups and the development of retail banking ring-fencing planning arrangements, the requirements for which were introduced through the Financial Services (Banking Reform) Act 2013. It also discusses preparations for various other significant reforms, including the gradual implementation of requirements under MiFID II/MiFIR.
This chapter was first published in The Banking Regulation Review, 7th edition (published in May 2016) by Law Business Research Ltd.
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