Authors: Nik Kiri, Sara Cody, Duncan Campbell

Practice, policy and procedure: financial services enforcement trends 2022

Following a rationalisation of the regulators' caseloads during lockdowns, the regulators will now strive to pick up the pace. But they face headwinds including capacity constraints and growing data volumes, alongside the need to address criticisms from the Upper Tribunal in 2021. Alongside enforcement action, the FCA in particular may increasingly exercise its supervisory powers more rapidly and assertively to address rapidly crystallising risks of consumer harm.