Compliance Monitor

The FCA and PRA's decision not to proceed with new Diversity, Equity and Inclusion reporting requirements created a stir in the financial media last month. Viewed in light of the Government's de-regulating growth drive as well as moves in the United States to rollback DEI programmes, fears of regression were raised for inclusivity agendas. Lucy Blake provides further context.

Therese Chambers and Steve Smart have made their mark since they stepped into view as co-directors of Enforcement at the Financial Conduct Authority two years ago. Despite battling controversies, the duo appear to be making progress towards some of their goals, reports Neasa MacErlean.

The European Union's comprehensive framework for the regulation of cryptoassets has been supplemented with a briefing on threshold requirements for market participants. Martin Dowdall and Shaanil Senarath-Dassanayake unpack the contents and set out what this means for cryptoasset service providers seeking authorisation under MiCA.

Amid the constant pressure of regulatory exigencies, it's easy to neglect the fundamentals. Training and competence matters; indeed, the scope of this rulebook should extend to more players in the financial services ecosystem, writes Adam Samuel.

Regulatory battles may often best be fought in remediation efforts rather than legal challenges, a recent case illustrates. By Christian Blackwell

George Hambro, a non-executive director of Wyelands Bank plc, has had a fine imposed by the PRA quadrupled in order to deter others from showing insufficient skill, care and diligence in management and reporting of the firm's capital.