Financial Markets and Funds Partner Neil Robson spoke with Law360 in an article about the challenges facing UK capital markets and the impact of regulatory reforms post-Brexit. Neil expressed skepticism about the commitment of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) to reduce regulatory reporting for companies. He described the statement about reducing regulatory burdens as more of a gesture or "soundbite" rather than a concrete action plan. An opportunity lies in cutting duplicate regulatory reporting; current rules have both sides of derivatives transactions reporting the same trade to a regulated trade repository for recordkeeping. Neil added that resistance to change continues to be a barrier to real reform, stating, "Getting the FCA and PRA to cut their own regulations voluntarily is like turkeys voting for a Christmas dinner."
"Doubts Grow Over Impact Of UK Capital Market Deregulation," Law360, April 7, 2025
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