Risk & Regulation Rundown

PwC UK
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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.

  1. 15H AGO

    Optimising the UK prudential framework: Basel 3.1 and beyond S8E2

    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 these reforms fit together - and what they mean in practice for banks of different sizes and business models. They also discuss the Financial Policy Committee’s system-wide capital review, the PRA’s evolving approach to supervision, and the opportunities for firms to reset balance sheets and strategy in response.     In addition, the conversation tackles wider questions of whether these shifts represent a sensible optimisation of the post-crisis framework, or risk losing sight of the lessons learned during the financial crisis.

    18 min

  2. JAN 26

    No time to lose: Reasserting UK leadership in financial and related professional services S8E1

    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 TheCityUK report on the future of the industry.  The conversation explores why bolder ambition, faster delivery and more decisive reform are essential to secure the UK’s leadership as a global financial centre for the next decade. Our guests unpack the report’s five imperatives for action – from leading at the frontier of financial technology, to building a nation of investors.  We also discuss the scale of the opportunity, with PwC modelling showing that acting decisively could unlock over £50bn in additional annual economic output by 2035.  Explore the full report here: https://www.pwc.co.uk/industries/financial-services/vision.html?WT.mc_id=CT2-PL200-DM3-TR3-LS4-ND30-TTA9-CN_visionInternal

    26 min

  3. 12/18/2025

    Solvent exit planning – what insurers need to know  S7E9

    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 recovery and resolution framework; the international context; and lessons from real cases of insurer stress and failure. Our expert guests discuss how firms can leverage existing ORSA, wind-down and resilience work; and how to overcome practical challenges around triggers, data, and operational readiness. We also unpack how effective solvent exit planning can unlock capital, sharpen decision-making under stress, and strengthen overall resilience.  Please contact peter.m.thomas@pwc.com if you’d like to discuss any of the issues covered.  To hear more from us on financial services risk & regulation, you can access all our regular publications at this site: https://www.pwc.co.uk/industries/financial-services/understanding-regulatory-developments.html.

    26 min

  4. 11/13/2025

    Tokenisation: redefining the future of funds and financial markets S7E8

    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 backdrop, our guests discuss the UK’s evolving approach to fund tokenisation and the FCA’s consultation on this topic. They also explore the potential role of blockchain in financial markets and what firms should be doing now to prepare.

    25 min

  5. 10/16/2025

    Accelerating to T+1: Building readiness through resilience S7E7

    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 service mapping, scenario testing and impact tolerance reviews can accelerate transition plans. Our expert guests also share insights on regulatory expectations, practical actions firms should prioritise, and how embedding resilience thinking early can help maximise the benefits of T+1.

    29 min

  6. 09/18/2025

    Financial services in transformation - insurance - S7E6

    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 scrutiny and climate risks – and share insights on how firms can respond. The discussion covers the FCA’s evolving regulatory approach, technological transformation across underwriting and claims, and the implications of emerging AI use cases. We also explore how insurers can balance commercial sustainability with fair value, and the role of data and MI in driving better customer outcomes.  You can contact our PwC speakers if you’d like to discuss any of the topics covered, at tessa.norman@pwc.com, alex.bertolotti@pwc.com, and samantha.x.jones@pwc.com   You can access the publications mentioned in the podcast below:  PwC Insurance Banana Skins: https://www.pwc.co.uk/insurance/assets/pdf/insurance-banana-skins-2025.pdf   To hear more from us on financial services risk & regulation, you can also access all our regular publications at this site: https://www.pwc.co.uk/industries/financial-services/understanding-regulatory-developments.html.

    29 min

  7. 08/05/2025

    The digital asset transition - Stablecoins, CBDCs, and a regulatory crossroads - S7E5

    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 adoption, how the United States’ GENIUS Act is catalysing digital asset activity, and the emerging policy development in the UK’s regulatory framework. We also examine the impact of global macroeconomic and political trends, the implications of CBDCs, and share views on the future of digital assets in a rapidly evolving financial services environment. You can contact PwC’s Laura Talvitie if you’d like to discuss any of the topics covered at laura.talvitie@pwc.com.  To hear more from us on financial services risk & regulation, you can also access all our regular publications at this site: https://www.pwc.co.uk/industries/financial-services/understanding-regulatory-developments.html.

    37 min

  8. 07/09/2025

    Financial services in transformation - banking and capital markets - S7E4

    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 regulatory and consumer expectations, our guests discuss the structural and strategic shifts shaping the future of the BCM sector, and share perspectives on how the sector can boost the UK’s mission of economic growth. We also unpack the impact of changing competition dynamics, industry consolidation, and rapid technological transformation - including AI adoption and digital banking - and consider how firms can evolve their business and operating models to remain competitive and thrive amid continued transformation across the sector.  Subscribe to the regular series here: https://www.pwc.co.uk/industries/financial-services/risk-and-regulation-rundown-podcast.html

    23 min
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About

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.

Information

  • Creator
    PwC UK
  • Years Active
    2019 - 2026
  • Episodes
    68
  • Rating
    Clean
  • Copyright
    PwC UK © 2019

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