Private Bank Briefing: Issues Impacting the Private Bank Sector - June 2019

The FCA and the PRA published their Business Plans for 2019/20 in April 2019.

FCA Priorities -

As expected, with Brexit remaining a key focus, there are few new initiatives for this year. The FCA’s Business Plan sets out both cross-sector priorities and sector-specific priorities. Many of the FCA’s cross sector priorities (see table) remain the same as in previous years, although the FCA is placing a greater emphasis on operational resilience. The FCA and PRA plan to publish a joint Consultation Paper on building operational resilience towards the end of 2019, following the 2018 joint Discussion Paper. There is also more of a focus on the FCA’s vision for the future.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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