FinReg Focus

The FCA's increased use of Skilled Persons in 2020

2020 saw the UK’s Financial Conduct Authority increase its use of Skilled Persons in regulatory inquiries.  In this podcast episode, Reed Smith partners Tim Dolan and Doug Cherry with associate Hannah Sheikh share insights on the rise in Skilled Persons reports and key themes those reports focus on, as well as how Skilled Person firms are chosen, and how long the reports can take.  They will provide pointers on how firms should work with the Skilled Person and the FCA to attain best results, and give insights into some good (and bad) experiences with Skilled Persons reports.

For more information, please visit Reed Smith's Financial Regulatory page.

Investment Firms Prudential Regime: What are the new K-factors? (Part II)

In Part II of our conversation on the UK’s new Investment Firms Prudential Regime (IFPR), Reed Smith partners David Calligan and Claude Brown, along with Andrew Lowin of Duff & Phelps, review the three ‘risk to the firm’ K-factors. They discuss the measurement and calculation of the requirements for trading counterparty default, concentration risk and daily trading flow. They provide practical tips on how to use netting to mitigate the capital requirements and how you and your organisation can prepare for these new K-factors.

Please note that since the podcast was recorded, IFPR’s implementation date was moved from June 2021, and the regime is now expected to apply from January 2022.

For more information, please visit Reed Smith's Financial Regulatory page.

 

Investment Firms Prudential Regime: What are the new K-factors?

Reed Smith partners David Calligan and Karen Butler join Andrew Lowin of Duff & Phelps to discuss the UK’s new Investment Firms Prudential Regime (which comes into force in January 2022). They review why the new K-factors were introduced, and what firms need to know about them and their differing requirements. They also address the detail of the four client risk K-factors and the two market risk K-factors.

For more information, please visit Reed Smith's Financial Regulatory page.