Corylated
Podcast Description
Welcome to 'Corylated', the podcast for compliance and risk aficionados. Rachel Wolcott and Lindsey Rogerson dive deep into the ever-evolving world of regulation and compliance. Unveiling trends, providing expert insights, and building a vibrant community, each episode is your gateway to mastering the historical context and current shifts in regulatory landscapes.
Tune in, stay informed, and enjoy the some of the trusty guidance we promise to deliver!
www.compliancecorylated.com
LinkedIn - https://www.linkedin.com/company/compliance-corylated
Subscribe to our Newsletter - https://www.compliancecorylated.com/this-week-corylated/
Podcast Insights
Content Themes
The podcast dives into themes of regulatory changes, financial compliance, diversity, equity, and inclusion (DEI), and the historical context of financial regulations. Episodes cover topics such as the evolving discourse on DEI in workplaces, the impact of financial deregulation, and expert interviews, like one with Diana Henriques discussing the SEC's formation after the 1929 stock market crash.
Welcome to ‘Corylated’, the podcast for compliance and risk aficionados. Rachel Wolcott and Lindsey Rogerson dive deep into the ever-evolving world of regulation and compliance. Unveiling trends, providing expert insights, and building a vibrant community, each episode is your gateway to mastering the historical context and current shifts in regulatory landscapes.
Tune in, stay informed, and enjoy the some of the trusty guidance we promise to deliver!
www.compliancecorylated.com
LinkedIn – https://www.linkedin.com/company/compliance-corylated
Subscribe to our Newsletter – https://www.compliancecorylated.com/this-week-corylated/
Regulation is often criticised but rarely understood. In this episode, Lindsey Rogerson and Rachel Wolcott sit down with former UK regulators Lyndon Nelson and Gavin Stewart to discuss their new book,Building Better Regulators: The Art of the Impossible.
Drawing on decades of experience at the Bank of England, Financial Services Authority (FSA), Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA), Lyndon and Gavin explain why regulation is ultimately a series of trade-offs, why regulators struggle to learn from past mistakes, and why promises of ”cutting red tape” often oversimplify a far more complicated reality. They also explore whether data and AI can transform supervision, and why for some banks enforcement can be little more than a cost of doing business. Gavin and Lyndon share what keeps them awake at night when they think about risks facing regulators today.
The conversation covers everything from payment protection insurance (PPI) and motor finance to crypto, AI-driven finance, risk appetite and the growing tension between political demands for growth and the realities of protecting consumers and markets.
Lyndon Nelson is a former deputy chief executive of the PRA and now teaches at London Business School and advises the International Monetary Fund.
Gavin Stewart has held senior roles at the Bank of England, the FSA and the FCA, including serving as chief risk officer at the FCA.
Chapters
00:00 Introduction
01:21 Discussion on Trade-offs and Positive Messaging
01:27 Book Promotion and Final Thoughts
03:07 The Importance of Understanding Regulation
06:11 Learning from Past Mistakes in Regulation
09:12 The Challenges of Principles vs. Rules-Based Regulation
12:13 The Political Landscape of Regulation
15:04 Risk Appetite and Its Implications
18:15 The Role of Enforcement in Regulation
21:00 Trade-offs in Regulatory Decisions
23:32 The Complexity of Regulatory Prioritization
26:46 The Impact of Regulatory Frameworks
29:33 Future Directions for Regulators
40:23 Frameworks and Accountability in Regulation
43:33 The Role of Data and AI in Regulation
48:40 Enforcement as a Cost of Business
56:03 Challenges in Modern Regulation
01:02:17 Future of Regulation and International Collaboration
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