Following the recent Mansion House speech by the Chancellor, and following on from her predecessor’s efforts to bring a change of stance in financial services regulation, the windows at particularly the FCA, are no doubt shaking and their walls rattling!
A Policy Statement on solvent exit planning (SEP) is expected in the second half of 2024 and implementation would then probably follow in the 4th quater of of 2025. What’s it about and is it really necessary?
In the ever-evolving landscape of the financial services sector, operational resilience has fast become a crucial imperative for sustaining business success and risk management.