Digitising Financial Services: Assessing the regulatory response and implications for legal and compliance teams
In this, the second in our series of Going Digital briefings, we will look at the ways in which the financial services sector is responding to the challenges posed by developments in digitisation and the role of RegTech and FinTech in the current regulatory landscape.
The session will be led by Sarah Parkhouse, a partner in the Financial Regulation Group. Sarah will set the scene by explaining initiatives being taken by the Financial Conduct Authority such as Project Innovate and the Regulatory Sandbox. She will explore what we can read into their 2016/17 Business Plan which includes innovation and technology as one of seven priority areas over the coming year, and share insights into what those, along with other FCA and EU initiatives, mean for existing and new providers of financial services.
Sarah will be joined by Julian Cunningham-Day from our TMT team, who will consider how these digital innovations will drive changes in the risks facing legal and compliance teams and provide suggestions for managing them, including contract and project management and policy development.
Our later sessions will focus on other key areas of interest for legal teams facing widespread digital adoption, including through use of the cloud, big data, block chain and process automation.
- Sarah Parkhouse, Partner – Financial Regulation Group
- Julian Cunningham-Day, Partner – TMT
Who should attend this seminar?
The Going Digital Breakfast Series is designed to appeal to in-house legal counsel working on commercial and compliance projects involving digital channels. The session will be of interest to banks, asset managers, insurers, pension providers and other regulated firms, as well as to those seeking to partner with or provide services to them.
1 CPD point