What will 2022 hold for Financial Services?

The FS Regulatory Initiatives Forum is still relatively new.  In our earlier publication, we reviewed this collaborative approach towards financial services in the UK.  The aim is to coordinate efforts to help firms manage regulatory change.

In November 2021, the Forum issued the latest regulatory initiatives Grid covering the next 18-24 months.

This edition coincided with COP 26 and not surprisingly, there are a number of climate related initiatives.  This is in line with the UK’s goal to become the world’s first net-zero aligned financial centre.  December saw the FCA publish its final rules on ESG disclosures affecting listed issuers, asset managers, life insurers and FCA-regulated Pension Schemes.  There is more to come on ESG in 2022 with the regulator seeking engagement on Net Zero Transition plans and sustainability in the capital markets.  The Financial Reporting Council (FRC) is also set to publish a list of signatories to the UK Stewardship Code, which “aims to demonstrate responsible allocation, management and oversight of capital to create long-term value” for clients.

What other developments can we expect in 2022 and beyond?

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AxiomHQ is an industry-leading software platform designed to help regulated firms manage the burden of evidencing and monitoring compliance.  It has a range of tools to help firms fulfil their obligations across the UK, Europe and APAC regions.

Contact the Axiom HQ team to learn more on 020 3965 2166 or hello@axiomhq.com

Priscilla Gaudoin, FICA, ACISI

Head of Client Regulation
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