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Could the drive to innovate compliance do more to weaken the function than improve it?
Peter Haines delves into the stresses that compliance officers face as regulations continue to change, and what this could mean for the future of the compliance function. -
Prevent and detect Modern Slavery
The financial sector has an important role to play in preventing and detecting modern slavery - not only through a firm’s direct operations (e.g. staffing, procurement and supply chains) but also through its approach to investment, lending and client relationships.... -
FCA’s Consumer Duty – what should firms be doing?
The FCA has recently confirmed its approach to the Consumer Duty, with most firms having to implement the new requirements by 31 July 2023. The FCA has acknowledged that this sets a challenging timescale for firms to embed the Consumer... -
The new FCA Consumer Duty and what it means for your firm’s training plan
In July 2022, the FCA published its long-awaited final rules relating to the new Consumer Duty. The obligations being introduced as part of the new Duty are wide-ranging and firms within scope of the rules will need to devote significant... -
Compliance Updater - July 2022
A summary of key compliance stories around the globe in July. Crypto fund’s ETF application rejected by SEC. EU finalises regulations for crypto assets trading. Credit Suisse facing huge Asia backlog over source of wealthy clients’ funds. Legal battle over... -
Understanding Market Abuse law and regulation
On 17th June 2022, the FCA issued an update regarding its work to prevent and detect market abuse. In particular, the FCA outlined its monitoring techniques and approach to enforcement. The aggregate picture was one of “increasing intensity, scrutiny and... -
Compliance Updater - June 2022
FCA puts Credit Suisse on watchlist. Claim filed against Woodford fund. Elliott Management claims $456m from LME over cancelled nickel trades. BoE orders banks to improve plans to “fail safely”. JPMorgan wins “fraud” case against Nigeria. Bankers lose jobs over... -
Concerning Conduct: Quarterly Cases - Q2 2022
UK-listed port operator at risk of sanctions breach for harbouring Abramovich-linked yacht. City minister shifts to positive tone on crypto. Sunak’s wife agrees to pay UK tax on all income. Jersey freezes $7bn of assets linked to Abramovich. Twitter introduces... -
3 steps towards an effective compliance training strategy
Michael Sacks, Director of Digital Learning Strategy at CCL Academy reveals how firms can enhance their compliance training strategy by taking three simple steps. Step 1... -
Understanding and responding to signs of Vulnerability
In a survey published in May 2022, 55% of people reported that their health has been negatively impacted by the rising cost of living (YouGov/Royal College of Physicians). With the FCA spotlight on delivering good outcomes for customers, how can... -
Compliance Updater - May 2022
US regulator looking at retail sales practices for “complex products”. Wirecard administrator chasing recovery of dividends and tax. Allianz settles for $5.8bn over US securities fraud. ECB demands big investment banks address “empty shell” desk issue. BNY Mellon fined by... -
Preventing and detecting Financial Crime in the workplace
In April 2022, the FCA released its review of the financial crime controls at six challenger banks. Whilst the review found evidence of good practice, in particular through the innovative use of technology, it also highlighted weaknesses which increased the...
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