Regulated Radio Podcasts

Episode 41: Sustainability Regulatory Outlook Report 2023
The transition towards Net Zero and the adoption of Environmental, Social and Governance, or ESG standards, is leading to an expansion of regulatory scrutiny and calls from consumers, investors and employees for companies to play a greater role in accelerating this transition. This rapidly progressing new area of regulation is challenging business leaders to keep up with the pace of change but it is also creates new priorities for companies.

In this episode of Regulated Radio, Scott Martin is joined by Deloitte's EMEA Sustainability Regulation Hub experts, Magda Puzniak-Holford and Ramon Bravo Gonzalez, to discuss how the evolving landscape of sustainability regulation is affecting companies' business strategies, operating models and financial plans, and how it can unlock opportunities to drive business value.

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Episode 40: Global banking sector stress in 2023
In this episode of Regulated Radio, Scott Martin is joined by Deloitte's Centre for Regulatory Strategy Leads, David Strachan and Irena Gecas-McCarthy, to discuss the period of banking sector stress seen earlier this year, the immediate supervisory response to it, and the regulatory changes we may see emerge in its aftermath.

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Episode 39: Greenwashing & ESG Data
In this episode of Regulated Radio, Scott Martin is joined by Deloitte’s ESG in investment management experts Jessica Hodges and Stuart Royden-Turner to discuss the key greenwashing challenges facing the industry at the moment, and in particular the role of ESG data in this story.

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Episode 38: Financial Markets Regulatory Outlook 2023 – Confronting the Polycrisis
In this episode of Regulated Radio, Scott Martin is joined by David Strachan and Suchitra Nair to explore the major regulatory trends affecting the Financial Services Industry in 2023, along with a range of topics including climate-related financial risk management, digital assets and payments, prudential capital frameworks for banks and insurers, and operational resilience.

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Episode 37: Nature and Biodiversity
In this episode, our experts Toby Roxburgh, UK Nature and Biodiversity Lead and Simon Brennan, EMEA Sustainability Regulatory Strategy Lead, join host Scott Martin to explore what ‘nature risk’ is, how it relates to climate risk and what businesses should be doing to prepare for nature-related regulation. Tune in to learn more about how the wider nature and biodiversity agenda is rapidly coming up on climate’s coat tails.

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Episode 36: Embedded finance - the strategic regulatory considerations for financial services firms
Our latest paper explores the key regulatory considerations across four key thematic areas: consumers, data, resilience, and governance and accountability, and how these will affect firms’ strategies around embedded finance. In this episode, Suchitra Nair from the Centre for Regulatory Strategy and Richard Kibble, UK Banking Leader, discuss the current embedded finance landscape, the risks, opportunities and strategic considerations for firms. Our guests then offer some predictions for what they expect to see in the embedded finance market over the next 12-months.

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Episode 35: Building a digital assets strategy for a wholesale bank
In June we published a report intended to help wholesale banks in the EU and UK develop a digital assets strategy in the context of an evolving regulatory landscape. In this episode Deloitte’s financial services, regulatory and legal experts Suchitra Nair, Ed Moorby and Clare Jenkinson discuss some of the key considerations, both strategic and regulatory, for banks looking to build out their digital assets business.

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Episode 34: The New Consumer Duty – raising consumer standards of care
The Financial Conduct Authority has published its final rules for its new Consumer Duty. The Duty raises the standards of consumer protection in retail financial markets. With the introduction of a new Consumer Principle, and a set of cross-cutting rules and outcomes that support it, firms now face a significant task to meet these raised standards of consumer care. In this episode, Deloitte's regulatory, financial services and legal experts David Strachan, David Clements and Jake Ghanty share their quick take on the Duty and how they think it will shape the UK financial services sector, with guest host Joy Kershaw.

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Episode 33: Weathering the storms – our mid-year outlook for financial services regulation
At the start of 2022, we published our Financial Services Regulatory Outlook giving our predictions for regulatory trends in the year ahead. With the momentous events of the first half of the year, it’s time to revisit them. In this episode, David Strachan and Suchitra Nair from the EMEA Centre for Regulatory Strategy discuss the major market developments that have shaped 2022 so far and what these are likely to mean for the regulation and supervision of financial services firms.

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Episode 32: Building operational resilience in financial services
An increasingly complex technological, social, and geopolitical environment means that financial services firms must plan for disruptions to their operations that may not have been conceivable just a decade ago. With the UK financial services regulatory framework for operational resilience having come into force in March, and the EU’s Digital Operational Resilience Act nearing completion, the hard work for firms to build their resilience has just begun. To discuss the implications of this for the financial services industry, and much more, we welcome Sarah Black and Suchitra Nair to the podcast.

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Episode 31: Banking and the Race to Net Zero
COP26 galvanised and accelerated global focus on achieving net zero carbon emissions. Pressure is mounting on governments, businesses, and industry alliances to make net zero pledges. So, what does it all mean? How are plans to reach net zero being implemented within the banking sector? How will those within financial firms see their roles change in response to pledges and targets made by their firm? In this episode of Regulated Radio, Scott Martin is joined by Damian Hales and Rutang Thanawalla to answer these questions and much more.

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Episode 30: Financial Markets Regulatory Outlook 2022
How will major regulatory trends affect the financial services industry in 2022? How can leaders anticipate and respond to them effectively? In the 2022 edition of our Financial Markets Regulatory Outlook, David Strachan and Suchitra Nair, join Orla Hurst to explore these questions as well as digital payments, regulatory divergence, transitioning to a sustainable economy and the future of regulation.

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Episode 29: The Basel 3.1 challenge for EU and UK banks
Is the banking sector ready for the implementation of Basel 3.1? Can it manage the complexity of an increasingly fragmented regulatory environment as key regulators look set to diverge from the international Basel standards? In this episode, Deloitte’s global Basel 3 leader, Tom Spellman, and Rod Hardcastle join Scott Martin to discuss the path ahead for implementing Basel 3.1, including the EU’s recent CRD6/CRR3 legislative proposal. Tune in now to hear what is still uncertain and what banks should start doing right away.

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Episode 28: Back to thinking about the future - Our mid-year assessment
At the start of 2021, we identified nine regulatory themes affecting the financial services industry already dealing with the consequences of COVID-19. Against a more optimistic economic outlook than anticipated, Orla Hurst revisits these themes with David Strachan and Suchitra Nair from the EMEA Centre for Regulatory Strategy – identifying the developments and actions firms should focus on for the remainder of the year. Tune in now!

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Episode 27: What RegTech means for financial services
How can technology help financial services firms manage the challenge of dealing with increasingly complex and demanding financial regulation? In this episode, we speak to Kent Mackenzie and Suchitra Nair to hear about the latest ‘RegTech’ applications being used in the financial sector, and how regulators have been responding to this wave of innovation. Tune in now!

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Special episode: The future of FinTech in the UK
The UK has become a global leader in the development of the FinTech sector over the last decade, and attention is now turning to how it can retain its leadership position in the industry and foster the next generation of FinTech innovation. In this month’s episode, we sat down with Louise Brett, Deloitte’s FinTech Lead and a contributor to the Kalifa Review, to talk about how the sector has evolved and what we sees coming next. Tune in and join us for this show recorded especially for UK FinTech Week 2021!

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Episode 25: How payments innovation is changing the world
You don’t need to be an expert in financial services expert to know that innovation has been rapidly changing the way we pay. Significant technological and infrastructural changes are enabling businesses and consumers to transact with increasing ease. But what are some of the regulatory challenges that this change gives rise to, or which could lie ahead? In this episode, we speak to David Myers, Deloitte’s payments lead, and Valeria Gallo from the EMEA Centre for Regulatory Strategy. This is a show for FinTech fans. This is a show for banking folks. In fact, this is a show for anyone with a mobile phone in their pocket. Tune in now!

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Episode 24: EU-UK regulatory divergence for the insurance sector
Now that the transition period for the UK’s departure from the EU has ended, differences between the regulatory regimes in the two jurisdictions may begin to emerge. One area where these differences could be felt first is in the insurance sector. In this episode, we speak to Andrew Bulley, Henry Jupe and Felix Bungay to hear their thoughts on what regulatory divergence could really mean in practice, how the review of the Solvency II Directive could create an opportunity for divergence to materialise, and how insurers can manage a more complex regulatory landscape. Tune in now to hear more about this increasingly important subject for a post-Brexit world.

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Special Episode: Our annual forecasts for 2021
What will this New Year hold for the world of financial services regulation and supervision? How will COVID-19 affect the work that regulators are doing and what are the trends we see emerging as the pandemic recedes? In this special episode, Scott Martin is joined by Andrew Bulley and David Strachan from the EMEA Centre for Regulatory Strategy to hear their thoughts on the year ahead.

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Episode 22: How ready are banks for the end of the Brexit transition period?
In this episode, we speak to two of Deloitte’s banking and capital markets Brexit leaders, Vishal Vedi and Alex Szmigin, to get their take on the readiness of the banking sector for the end of the transition period and what they think banks should be doing now to make sure they are prepared. Join us as we delve into some of the most interesting issues in this fast evolving situation.

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Episode 21: Can artificial intelligence be trustworthy?
AI holds the potential to revolutionise the financial services sector. Regulators are supportive, but also alert to the risks that AI might pose to markets and customers if not managed properly. Social pressure is also mounting on firms to ensure their use AI and consumer data are ethical. In this episode, we speak to Reny-Vargis Cheriyan and Suchitra Nair about the commercial and regulatory trends around AI in financial services, and the role of AI ethics. Tune in and hear their views about how firms can take advantage of this cutting-edge technology while keeping regulators convinced that their AI is trustworthy.

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Episode 20: How investment managers are handling ESG regulation
How much is green investing changing the financial services sector, and how are regulators and investment managers responding to rapidly changing investor preferences? In our latest episode, we invited James Alexander and Isha Gupta on the show to share their views on the commercial and regulatory challenges that investment managers are facing with the shift to ESG investing. Join us as we explore the opportunities and challenges that we believe are in store for the investment and wealth management industry as this shift continues.

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Episode 19: Tackling the challenge of financial crime
One of the most important challenges that financial services firms face today is how to effectively deal with financial crime. The size and complexity of many financial firms and the growing reach of anti-money laundering regulation makes responding effectively to this risk no small feat. For this episode, we invited two of Deloitte’s financial crime experts, Katie Jackson and Tamsin Baumann, to help us understand recent regulatory developments and industry trends in this area. Tune in now to hear us discuss their ideas for how the financial services sector can rise to this challenge.

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Episode 18: Could anyone have predicted 2020?
At the start of the year, we looked at what was in store for 2020. It’s safe to say that the last six months have been different from our expectations. COVID-19 has changed almost everything about our daily lives and has been a significant challenge for financial services policymakers. But what are the regulatory trends that we see enduring despite the circumstances? In our latest episode, Andrew Bulley and David Strachan join our host, Scott Martin, for a mid-year review like no other. Tune in now!

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Episode 17: COVID-19, IFRS9 and how banks are managing the crisis
Banks will face enormous challenges managing the economic fallout of the COVID-19 crisis. The role of IFRS9 in determining the amount of loan losses banks have to provision for has received a lot of attention since the pandemic took hold. We invited two of Deloitte’s leading experts on the banking sector, Mark Rhys and Ian Wilson, to help us better understand its recent performance and what we can expect banks and regulators to do in the coming months as the crisis evolves.

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Episode 16: What are regulators doing about Cloud computing?
How are financial firms and their regulators getting to grips with the rise of Cloud computing? As firms push ahead with their digital transition, more and more of their activity depends on Cloud Service Providers. Regulators have recognised the efficiency gains that using the Cloud can bring to firms, but they equally want to ensure that risks arising from this are well managed. Tune in to hear Tom Bigham and Suchitra Nair speak to Scott Martin about the trends that financial services firms should be watching today.

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Episode 15: COVID-19 and financial sector resilience
As much of the world prepares for long periods of lockdown and social distancing, how can financial services firms and their regulators be confident that measures taken to strengthen the resilience of the financial the system have been enough? In this episode, Scott Martin speaks to David Strachan from Deloitte’s EMEA Centre for Regulatory Strategy and Rick Cudworth from Deloitte’s Reputation, Crisis & Resilience practice to get their take on whether the financial sector can stay resilient through the disruption caused by COVID-19. Tune in now to hear what we’re seeing during these extraordinary times.

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Episode 14: The financial risks from climate change
What are financial firms doing to ensure they are prepared for the effects that climate change can bring? Amid growing political, media and regulatory attention, banks and insurers are coming under increased pressure to show that they understand the scale of the climate risks that they each face. In this episode, Scott Martin speaks to Damian Hales and Rutang Thanawalla from Deloitte’s FS-Risk Advisory practice about the latest thinking in the financial sector on preparing for climate change. Tune in now to hear about a key financial sector risk and the regulatory response.

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Special Episode: What’s in store for 2020?
Welcome to the Twenties! It’s a new year and a new decade, and the first question that’s on our mind is how financial sector leaders can navigate the regulatory and commercial challenges ahead. In this special episode, our host, Scott Martin is joined by David Strachan and Andrew Bulley to talk about their 2020 Regulatory Outlook, and Ian Stewart, Deloitte’s UK Chief Economist, is back to tell us what he’s seeing in the economy and in markets. From sustainability and cyber risk to new technologies and changing demographics, we scan the horizon for what the financial industry can expect in the year ahead. Join us!

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Episode 12: Has there been enough cultural change in the financial sector?
How do we deal with a challenge as difficult as cultural change in the financial sector? More than ten years on since the financial crisis, what’s still on the agenda of financial authorities? In this packed episode, Scott Martin speaks to Andrew Bulley and Orla Hurst from the Centre for Regulatory Strategy, as well as Rose-Marie Kennedy from Deloitte Ireland. Tune in now to find out what they see as the four most up-and-coming trends in financial services culture and what FS firms can expect to happen next.

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Episode 11: How can finance be more operationally resilient?
Outages, data breaches, systems failures. What happens when the financial sector’s normal functioning gets disrupted? In this episode, Scott Martin speaks to Rick Cudworth and Neil Bourke from Deloitte’s Reputation, Crisis & Resilience team to find out what Financial Services firms are doing to strengthen their operational resilience. Tune in now to understand how regulators are becoming more and more alert to the complexity of these risks and how they’re proactively getting Financial Services firms to be better prepared for them.

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Episode 10: Open Banking: How much will it change the financial services sector?
This month, Valeria Gallo, FinTech expert in Deloitte’s EMEA Centre for Regulatory Strategy (ECRS), joins us to cut through all the buzzwords and give us her views on how Open Banking, and eventually Open Finance, might actually change the financial services sector. Tune in now to hear the latest about what could be one of the most important regulatory trends driving customer-focused innovation in financial services. This is a show FinTech fans will not want to miss.

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Episode 9: Sir Rob Wainwright on fighting cyber-crime
How resilient is the financial sector to cyber-crime? In this episode, Scott Martin is joined by Sir Rob Wainwright, Senior Partner at Deloitte and former head of Europol, who talks to us about how the merger of cyber risk and crime have created a whole new field of challenges for financial services firms. Tune in now to understand how the sector and its regulators can respond to this threat.

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Episode 8: Asset management: Are investors getting their money’s worth?
Money – as they say – never sleeps – and you’d certainly not want yours to. In this episode, we’re looking at how UK regulators have been promoting transparency amongst asset managers as to the value they are offering to their investors. Scott Martin is joined by Andrew Bulley and Joy Kershaw and together they dive into the latest competitive trends in the investment fund sector. Tune in now to find out just how hard your money can work.

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Episode 7: Is 2019 still on track?
At the start of the year, we looked at what was in store for 2019. We’re only six months in and it’s already been a year of twists and turns. In our latest episode, we’re welcoming back David Strachan, as he joins our host Scott Martin, for mid-year review of the regulatory climate so far… tune in now!

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Episode 6: Is FinTech ready for prime time?
As ‘FinTech mania’ rises, our latest episode looks at what regulators are doing to encourage more innovation, get ahead of potential risks, and how prepared FinTechs are to deal with the bigger regulatory hurdles they will face as they scale. Join our host Scott Martin, and our special guest Suchitra Nair, as they dig a little deeper into the future of FinTech. Tune in now!

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Episode 5: Top risks with Deloitte’s Chief Economist
In this episode, our host Scott Martin and Deloitte’s Chief Economist, Ian Stewart, scan the horizon and look at the some of the top economic threats facing financial markets today. From the latest macroeconomic developments around the world, to the risks keeping central bankers and financial regulators up at night. Tune in to hear more!

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Episode 4: Cyber risk - how big is the threat to financial markets?
In this episode we are diving into the deep-end and tackling all things cyber security. How much of a threat is cyber risk to global financial stability and what are regulators starting to do about it? Our host Scott Martin is joined by Stephen Bonner and Dave Clemente to dig into one of the hottest of all topics in the financial world right now. Listen in!

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Episode 3: LIBOR - The end of the world’s most important number
The London Interbank Offered Rate, more commonly known as LIBOR, is often referred to as the world’s most important number. So, what do you do when the authorities say you can no longer use it? In this episode, our host, Scott Martin is joined by Ed Moorby and Sherine El-Sayed to explore how the global financial sector is doing so far in changing the way it prices almost all of its financial products. Tune in now!

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Episode 2: What’s in store for 2019?
Hello 2019, we’re ready for you. In our second episode, our host, Scott Martin is joined by David Strachan and Andrew Bulley from our EMEA Centre for Regulatory Strategy to discuss what’s on the financial regulatory agenda for the year ahead. From cyber to climate change, we explore some of the big risks and opportunities the financial industry will face in 2019. Let’s get straight into it!

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Episode 1: Basel III and cryptocurrencies
Welcome to Regulated Radio! To kick things off we talk about two of the big issues in the massive shorefront of challenges that regulators and the financial sector are facing today namely just how much of an impact we think the Basel III agreement will have on European banks and what keeps European policymakers up at night when they think about the risks from cryptocurrencies. Scott Martin, our host, is joined by two guests from our EMEA Centre for Regulatory Strategy, Rod Hardcastle and Suchitra Nair. Tune in!

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