Less is more or more is more?
Differences in the regulatory ethos in the US and the UK pose
challenges for financial institutions
By Peter Harper, Meghana Shah, James Southworth, Lewis Wiener and Sarah Chaudhry
The United States is poised to usher in an era of decreased regulation of financial institutions while the trend
in the United Kingdom is to maintain relatively robust regulation of the financial services sector in line with
developments since the global financial crisis. The parameters and potential impacts of these differing
regulatory regimes remain unclear, but will present challenges to institutions that operate internationally.
Though a great deal of unpredictability continues to permeate these environments, institutions in both the
US and the UK should keep a close watch on and seek counsel regarding how their cross-border activities
may be impacted.