International regulatory bodies, working alongside their regional and national counterparts, have spent over six years attempting to mend the global financial system by strengthening its stability and resilience. This financial industry regulatory update sets out the key financial industry reforms, and proposals for reform, in the international, European and UK spheres.

This update sets out the position as at December 2014. It should be noted that, as this is an ever-changing regulatory landscape, care should be taken when reading the update as it will become out of date relatively quickly.

Readers who wish to print and read the update in its entirety may do so by clicking here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.