PwC’s Financial Services risk and regulation podcast, discussing the latest developments affecting the industry, some insights from our work with clients, and our perspective on industry talking points. Led by PwC host Tessa Norman, who’s joined by a range of guests each month.
Subscribe:.rss.atom.json.md.m3u.pls
Live Last read · last published · next check
Saves to your Listen queue, to pick up on another day or another device.
In this episode, host Tessa Norman is joined by Leigh Bates, PwC’s Global Risk AI Leader, and Lilia Christofi, PwC’s EMEA Financial Services Data, AI and Tech Leader, to explore how financial services firms and regulators should respond as AI adoption accelerates and systems become more autonomous. Against the backdrop of the FCA-commissioned Mills Review and the Financial Services AI Adoption…
In this episode, host Tessa Norman is joined by Sajan Shah, PwC Director specialising in private credit, and Conor MacManus, PwC Managing Director, to explore the rapid growth of private credit and what it means for firms across financial services. Our guests unpack how the private credit market is evolving, the drivers behind its growth, and the opportunities it presents. The discussion also…
In this episode, host Tessa Norman is joined by Laura Talvitie, PwC Digital Assets Regulatory Lead, and James Moseley, PwC Banking Partner and Digital Assets UK Lead, to explore the next phase of tokenisation across financial services. Our guests unpack the UK’s evolving regulatory landscape, growing market momentum, and the shift from experimentation to live use cases. The discussion explores how…
In this episode, we explore the UK’s final Sustainability Reporting Standards (UK SRS) and what they mean for listed companies and the wider financial services sector. Guest host and PwC Director Andrew Strange is joined by ISSB Board Member Richard Barker and PwC’s Gemma Jones (Sustainability Director, Insurance and Asset & Wealth Management) to discuss what the UK SRS mean in practice, how they…
Host Tessa Norman is joined by PwC Directors Andrew Strange and Ian Ody to unpack how targeted support will impact consumers and firms, and how it fits into the FCA’s wider agenda to improve consumer outcomes and expand retail participation in capital markets. Our expert guests discuss the strategic choices firms face, from identifying use cases and customer segments, to navigating conduct risks…
In this episode, host Tessa Norman is joined by PwC Partner Michael Snapes and Director Stefanie Aspden from PwC’s Banking Financial Risk practice, to unpack recent developments across the UK banking prudential framework. With the PRA recently finalising Basel 3.1 rules, and a wider set of changes spanning MREL, IRB model approvals and the Strong and Simple (SDDT) regime, our guests explore how…
The UK’s financial and related professional services industry is at a critical juncture. With global competition intensifying and technology reshaping markets, standing still is no longer an option. In this episode, host Tessa Norman is joined by Miles Celic OBE, Chief Executive of TheCityUK, and Darren Ketteringham, PwC UK’s Financial Services Leader, to discuss insights from a new PwC and…
With the PRA’s PS20/24 rules requiring UK insurers to complete their first Solvent Exit Analysis by June 2026, this episode breaks down what solvent exit planning means in practice. Guest host and PwC Director Pete Thomas speaks with Directors Sarah Watson and James Cameron, and PwC’s Global Insurance Regulatory Leader Carlos Montalvo to explore: how the new regime fits within the UK’s evolving…
In this episode, guest host Laura Talvitie, who leads PwC’s work on digital asset regulation, speaks with Jonny Fry, CEO of TeamBlockchain and Digital Bytes, and Daniel Dzenkowski, PwC’s Crypto-Asset Reporting Framework Lead. Regulators, asset managers and technology providers are all exploring how tokenisation could redefine how funds and assets are structured, issued and traded. Against this…
Host Tessa Norman is joined by PwC Partner Menicos Kouvaros and Director Duncan Scott to unpack the next phase of T+1 settlement reform - and why operational resilience should sit at the heart of firms’ readiness strategies. The discussion explores where firms stand today on the journey to T+1, the biggest bottlenecks across the execution-to-settlement chain, and how resilience techniques such as…
In the final episode of our three-part deep dive mini-series, host Tessa Norman is joined by Alex Bertolotti, PwC UK’s Insurance Leader, and Samantha Jones, Director in PwC UK’s insurance risk and regulation practice, to explore the dynamic forces reshaping the insurance sector. Our guests unpack the growing pressures facing insurers – from cost inflation and consolidation trends to regulatory…
In this episode, guest host Laura Talvitie is joined by Elise Soucie Watts, Executive Director at Global Digital Finance, and Amanda Wick, Founder of the Women in Crypto Association and author of The Catalysts, to unpack the evolving regulatory landscape for stablecoins and central bank digital currencies (CBDCs). Our expert guests explore the drivers behind the recent uptick in stablecoin…
In this episode of PwC's Risk & Regulation Rundown podcast series, host Tessa Norman is joined by Mark Batten, PwC UK Banking and Capital Markets (BCM) Leader, and Conor MacManus, Director in PwC UK’s Regulatory Insights team, to explore the emerging trends impacting the banking and capital markets landscape. From navigating macroeconomic and geopolitical pressures, to responding to evolving…
In the first of a three-part mini series exploring the trends impacting the financial services sub sectors, host Tessa Norman is joined by Albertha Charles, PwC UK and Global Asset and Wealth Management (AWM) Leader, and Andrew Strange, Director in PwC UK’s Regulatory Insights team, to take a deep dive into the drivers of change in the AWM sector. Against a backdrop of market volatility, shifting…
In this episode, host Tessa Norman is joined by Derek Leatherdale, Senior Geopolitical Risk Adviser at Sibylline, and Sean Withington, Senior Manager in PwC’s Geopolitics team, to explore the rising prominence of geopolitical risk for the financial services sector. Our expert guests unpack the complex and fast-moving nature of today’s geopolitical landscape, highlighting how this risk is…
Host Tessa Norman is joined by Andrew Douglas, Chair of the UK Accelerated Settlement Taskforce, and Menicos Kouvaros, PwC Partner, to discuss the topic of T+1 settlement reform and the journey to go-live in October 2027. With both UK and EU T+1 transition timings now confirmed, our expert guests reflect on the lessons from the North American experience and how these should inform firms’…
In this special bonus episode, host Tessa Norman is joined by PwC Partner Sajedah Karim and Director Conor MacManus to unpack the FCA’s newly released five-year strategy — and what it means for financial services firms. Our expert guests explore how the FCA aims to open up the debate around rebalancing risk, and drive a greater focus on enabling economic growth and embracing emerging technologies.…
In this episode, host Tessa Norman is joined by Duncan Scott and Rory Spedding-Jones from PwC’s Technology, Data and Resilience practice, to delve into the topic of operational resilience. Our expert guests reflect on financial services firms’ ongoing operational resilience journeys, how these are likely to evolve beyond the March 2025 UK implementation deadline, and how regulatory expectations…
In this episode, host Tessa Norman is joined by Miles Celic, Chief Executive Officer of TheCityUK, and Darren Ketteringham, PwC UK’s Financial Services Industry Leader, to discuss a future vision for the UK financial and related professional services industry. Our guests reflect on the themes of the Vision 2025 report, which was published jointly by TheCityUK and PwC in 2017, and which set out a…
In this episode, host Tessa Norman is joined by PwC Director Gemma Jones and Senior Manager Lucas Penfold, to explore the evolving landscape of sustainability regulation in the UK and globally. Our expert guests reflect on the sustainability priorities of the new UK Government and the steps to implement the International Sustainability Standards Board’s (ISSB) standards. Our guests also share…
In this episode, host Tessa Norman is joined by PwC Partner Stephen Arnold and Director Samantha Jones, to discuss the growing regulatory scrutiny of the general insurance and protection market. Our expert guests explore the FCA’s recent supervisory work across the sector, with a focus on competition, price and value, and consumer outcomes. We delve into the key considerations for firms as they…
This episode, host Tessa Norman is joined by PwC Partner Michael Snapes and Director Gordon Kemp, to deep dive into the evolving UK prudential banking landscape, navigating the impacts of the PRA’s Basel 3.1 final rules and proposed Strong and Simple regime. Our expert guests unpack the details of the PRA’s recent publications, sharing insight on the UK’s journey to implement the Basel 3.1 rules…
This episode, host Tessa Norman is joined by Sarah Porretta, Deputy CEO of Fair4All Finance, and Howard Taylor, a Director in PwC’s Consulting practice, to explore the topic of financial inclusion. Our expert guests share their perspectives on the importance of financial inclusion and why this is not a niche issue, with Fair4All Finance’s work demonstrating that over 20 million people are…
In this episode, guest host Laura Talvitie, PwC UK Digital Assets Lead, is joined by Shearin Cao, EMEA Regulatory Policy Director at Citi, John Allan, Head of Innovation at the Investment Association, and Matt Blumenfeld, PwC’s Global Digital Assets Lead, to delve into the emerging world of tokenisation and its evolution in the financial services industry. Our expert guests share insights on the…
Host Tessa Norman is joined by Jess Lewis and Jamie Drysdale, both Directors in PwC’s insurance practice, to take a deep dive into the trends shaping the UK life insurance and retirement sector. Our expert guests discuss how macro trends such as changing workforce dynamics, economic and political drivers, and health and longevity trends are impacting customer expectations and needs, and the…
In our latest episode, host Tessa Norman is joined by Duncan Scott and Danny Chamings, Directors at PwC UK, and Moira Cronin, a Partner in PwC Ireland, to explore how firms can build operational resilience against the backdrop of an increasingly complex risk environment. Our expert guests discuss the evolving regulatory approach to operational resilience in the UK and EU, focusing on firms’…
In the first episode of a new series, host Tessa Norman is joined by David Kenmir, PwC Partner in Financial Services Risk and Regulation, and Amrita Sawhney, a Director in PwC’s Technology, Data and Analytics team, to take an in-depth look at the evolving redress and remediation landscape in the UK. Our expert guests discuss the changing regulatory focus on redress and remediation, spotlighting…
In this episode, host Tessa Norman is joined by two PwC Directors: Julia Ramsay, a specialist in Third Party and Supply Chain Risk, and Tom Kohler, a specialist in Financial Services Resilience and Risk Management, to explore the regulation of critical third parties (CTPs). Our expert guests delve into the details of the incoming regulatory regime for CTPs, sharing insights on the outcomes…
In this episode, host Tessa Norman is joined by Director Esther Rawling, and Senior Manager Lucas Penfold from PwC’s Sustainability practice, for a deep dive into the EU’s Corporate Sustainability Reporting Directive (CSRD). Our expert guests delve into implementation hurdles facing banks, asset managers and insurers, and share practical tips to overcome those challenges as they prepare for the…
In the first episode of 2024, host Tessa Norman is joined by Isabelle Jenkins, PwC UK’s Financial Services Industry Leader, and Lord Gavin Barwell, a PwC Senior Advisor and former MP and Chief of Staff to Theresa May, to look ahead to the geopolitical, economic and regulatory drivers set to shape financial services this year. Our guests explore the implications of a fast-evolving and complex…
In this episode, guest host Andrew Strange is joined by Amanda Wick , Founder and CEO of the Association for Women in Crypto, and Laura Talvitie, Digital Assets Lead in PwC’s Financial Services Regulatory Insights team, to delve into the world of digital assets. Our expert guests discuss the recent developments in digital asset regulation, both in the UK and globally, and share their perspectives…
In this episode, guest host Andrew Strange is joined by Stephen Pegge, Managing Director at UK Finance, and Katy Bennett, a Director leading PwC’s Diversity, Equity and Inclusion consulting business, to explore how the financial services sector is embracing diversity and inclusion (D&I). Our expert guests reflect on the enhanced regulatory focus on D&I in the sector, and discuss the challenges…
In this episode, guest host Andrew Strange is joined by Alex West, PwC’s banking and payments fraud team lead, and Ben Luddington, a Director in PwC’s financial crime practice, to explore the critical role of financial services firms in tackling financial crime and fraud. Our expert guests share reflections on firms’ response to enhanced regulatory pressures, in particular through the incoming…
In this episode, host Tessa Norman is joined by James Williams, a Senior Manager in PwC’s Banking Conduct team, and Lin Yang, a Senior Manager in PwC’s Technology, Data and Analytics team, to share reflections on firms’ implementation of the FCA’s Consumer Duty. Our expert guests explore firms’ transition from project mode to business-as-usual,and how they can leverage innovative technology and…
In this episode, host Tessa Norman is joined by Adam Gilbert, PwC’s Global Senior Regulatory Advisor on financial services, and Conor MacManus, a Director in PwC’s Financial Services Regulatory Insights team, to explore the evolving regulatory landscape in the United States and the UK. Our expert guests delve into the areas of alignment and divergence in the agenda of policymakers and regulators,…
While our team takes a well-earned summer break, we'd like to take this opportunity to reshare one of our most popular episodes from our last series. In this re-run episode, host Andrew Strange delves into the Metaverse world to discuss the risks and opportunities for financial services. Expert guests Yanna Zhu from PwC’s Metaverse Technologies team, and Laura Talvitie, a Senior Manager in PwC’s…
Series 5 Episode 2: Sustainability reporting - decoding CSRD In this episode, host Tessa Norman is joined by Justine Dixon, a Senior Manager in PwC’s Sustainability practice, and Lucas Penfold, a Senior Manager in PwC’s Regulatory Insights team, to take an in-depth look at the EU’s Corporate Sustainability Reporting Directive (CSRD). Our guests explore the details of the EU’s CSRD package and the…
Welcome to a brand new series of Risk & Regulation Rundown. In this episode, new host Tessa Norman is joined by David Croker, leader of PwC’s Asset and Wealth Management risk and regulatory business and a partner in PwC’s sustainability practice, and Harry Howe, a Director in PwC’s Banking team, to spotlight the ever critical role of governance in how firms respond to the evolving regulatory and…
In this episode, host Andrew Strange is joined by Gordon Kemp and Stefanie Aspden, from PwC’s Risk & Regulation practice, to unpick the PRA’s proposed Basel 3.1 prudential reform package. Our guests explore some of the winners and losers of the prudential banking changes, the key considerations for firms impacted, as well as how the UK’s proposals set against the approaches taken by other…
In the first episode of 2023, host Andrew Strange is joined by Conor MacManus, from PwC’s Regulatory Insights team, and Michael Huertas, a Partner in PwC Germany, to reflect on the UK’s 2023 regulatory change agenda, spotlighting key elements of the Government’s Edinburgh Reform package and sharing perspectives on the response from European policymakers and the EU financial services sector. Our…
In this episode, host Andrew Strange explores the ESG regulatory agenda alongside two expert guests. Lynne Baber, a Partner leading PwC’s sustainability practice, and Lucas Penfold, from PwC’s Regulatory Insights team, join to discuss the myriad of regulatory initiatives and their impact on the financial sector, corporates, and the wider economy. Our guests also share their perspectives on how…
In this episode, host Andrew Strange analyses the Operational Resilience regulatory agenda alongside two expert guests. Duncan Scott, from PwC’s Crisis and Resilience practice, and Paul Williams, a specialist adviser on Operational Resilience for PwC, join the podcast to take a look at regulatory landscape, the challenges facing firms, and the importance of embedding resilience in an increasingly…
In this episode, host Andrew Strange revisits the FCA’s Consumer Duty, alongside guests Iqy Hunjan and Ian Ody, Directors in PwC’s Consulting practice. Our expert guests navigate the FCA’s final Consumer Duty rules and guidance, exploring the key challenges facing firms in complying with the new requirements, as well as analysing the regulator’s expectations on monitoring outcomes. Our guests also…
In this episode, host Andrew Strange delves into the Metaverse world, alongside guests Yanna Zhu from PwC’s Metaverse Technologies team, and Laura Talvitie, a Senior Manager, in PwC’s FS Regulatory Insights team. Our expert guests break down the developing Metaverse landscape and discuss current trends and the drivers behind its recent high profile. Our guests also analyse what the future may look…
In this episode, we discuss the evolving prudential agenda in the insurance sector. Host Andrew Strange is joined by Sarah Watson, a Senior Manager in PwC’s Insurance Regulatory practice, and Anirvan Choudhury, a Senior Manager in our Financial Services Regulatory Insights Team. We talk about the UK’s Solvency II reform and what this will mean for insurers, their capital requirements, and their…
In this episode, host Andrew Strange discusses the PRA’s business plan and what it means for banks, with two expert guests. Conor MacManus, a Director in PwC’s Financial Services Regulatory Insights team and Stephanie Henderson-Begg, a Director in our Banking Prudential team, join the podcast to analyse the PRA’s upcoming agenda and priorities, including governance and risk management, responding…
In this episode, guest host Tessa Norman discusses the FCA’s business plan and strategy with Andrew Strange and Conor MacManus, Directors in PwC’s Financial Services Regulatory Insights team. We look at how this year’s plan has been shaped by the challenging political and economic context, what the plan tells us about the regulator’s priorities and expectations, and the practical steps firms can…
In this episode, host Andrew Strange discusses the evolving regulatory approach to artificial intelligence (AI), alongside PwC guests Fabrice Ciais, Director of AI, and Belinda Baber, a Manager in the FS Regulatory Insights team. With the AI Public Private Forum (AIPPF) recently publishing its final report, the regulatory direction on AI is becoming clearer. Our expert guests discuss how FS firms…
In this episode, host Andrew Strange discusses the FCA’s consumer duty proposals with guests David Kenmir, a Partner in PwC’s Authorisation and Conduct practice, and Tessa Norman, a Manager in our Financial Services Regulatory Insights team. We discuss the challenges the proposals present for firms, from the need to make subjective judgment calls, to meeting the FCA’s expectations on monitoring…
As many firms move to a long-term remote/hybrid working model, there are a range of issues to navigate, from meeting regulatory expectations, to maintaining cultural cohesion. In this episode, host Andrew Strange is joined by Sarah Passmore, a Director in PwC’s People and Organisation business, and John Newsome, a Director in our Asset Management regulatory practice, to discuss how firms are…
