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The compliant management of chaos
A
major crisis has erupted at your financial services firm – how do you contain
the situation and steer the firm out of its problems strengthened by the
experience? Adam Samuel outlines the steps and issues involved.
Online Published Date:
04 October 2016
Appeared in issue:
Vol 29 No 2 - 01 October 2016
Insuring against cyber risks
Cybercrime is growing exponentially in
the United Kingdom, yet many financial services firms lack insurance cover that
addresses these specific risks. Jonathan Drake discusses the regulatory
elements of this developing area.
Online Published Date:
04 October 2016
Appeared in issue:
Vol 29 No 2 - 01 October 2016
The retail banking market investigation – regulatory changes ahead?
After a two-year market investigation into the
supply of retail banking services to personal current account customers as well
as to small and medium-sized enterprises, the Competition and Markets Authority
published its final report on 9 August 2016. Andrew Barber and Emma
Radmore examine the regulatory implications.
Online Published Date:
04 October 2016
Appeared in issue:
Vol 29 No 2 - 01 October 2016
Ex Barclays Wealth COO receives ban decision for suppressing scathing culture report
The Financial Conduct
Authority wants to ban Andrew Tinney, former chief operating officer of
Barclays Wealth and Investment Management, subject to a hearing from the Upper
Tribunal. A decision notice issued by the regulator finds that Tinney..
Online Published Date:
04 October 2016
Appeared in issue:
Vol 29 No 2 - 01 October 2016
FSB examines pay reduction scheme in drive to reduce misconduct risk
By Neasa MacErlean
Online Published Date:
04 October 2016
Appeared in issue:
Vol 29 No 2 - 01 October 2016
Rapid Response Required: the FCA’s expectations around thematic reviews
In today’s regulatory climate, thematic reviews sound an alarm to UK financial services firms that their affairs in the area under scrutiny must be in order, or there could be consequences. Joanne Smith sets the scene.
Online Published Date:
04 October 2016
Appeared in issue:
Vol 29 No 2 - 01 October 2016
FCA shines spotlight on ICAAPs
With the Financial Conduct Authority now
requesting to see Internal Capital Adequacy Assessment Processes across the
investment business spectrum, is your firm’s ICAAP ready for the FCA spotlight?
asks Mark Spiers.
Online Published Date:
04 October 2016
Appeared in issue:
Vol 29 No 2 - 01 October 2016
PSD2: ‘strong customer authentication’ – what, when & how?
The challenges of secure electronic payment
services are exacerbated by the circular and often ambiguous language
that’s been used in the second European Union directive on the subject, as
well as the draft Regulatory Technical Standards, comments Chris Finney.
Online Published Date:
04 October 2016
Appeared in issue:
Vol 29 No 2 - 01 October 2016
Sharing custody of data protection in Europe’s most complicated divorce
The Brexit vote comes at an
awkward time for UK firms with respect to the EU’s recently-agreed General Data
Protection Regulation. Michael Malarkey and Carlo Miani outline
the issues and suggest a forward approach.
Online Published Date:
04 October 2016
Appeared in issue:
Vol 29 No 2 - 01 October 2016
European Commission forced to rewrite PRIIPS regulation on disclosure
By Neasa MacErlean
Online Published Date:
04 October 2016
Appeared in issue:
Vol 29 No 2 - 01 October 2016
Treasury Committee explores Solvency II Brexit options
By Neasa MacErlean
Online Published Date:
04 October 2016
Appeared in issue:
Vol 29 No 2 - 01 October 2016
FCA fines and bans financial adviser for false qualifications
Sole trader Elizabeth Parry has been banned and fined £109,400
for lying repeatedly to the Financial Conduct Authority about her qualifications.She was authorised in May 2006 as a sole trader to conduct
investment and mortgage business and..
Online Published Date:
04 October 2016
Appeared in issue:
Vol 29 No 2 - 01 October 2016
Payday lender repays over £34 million for bullying business practices
CFO Lending has agreed with the Financial Conduct Authority to extend over £34 million in redress to more than 97,000 customers because of its unfair practices. This will take place through the lender – which also traded as Payday First,..
Online Published Date:
04 October 2016
Appeared in issue:
Vol 29 No 2 - 01 October 2016
Corporate services and HNW advice lines worst-hit by ‘naked Brexit’
By Neasa MacErlean
Online Published Date:
04 October 2016
Appeared in issue:
Vol 29 No 2 - 01 October 2016
FCA prepares 2017 launch of Ageing Population Strategy
By Neasa MacErlean
Online Published Date:
04 October 2016
Appeared in issue:
Vol 29 No 2 - 01 October 2016
Firms straggle on strategy for vulnerable customers
By
Neasa MacErlean
Online Published Date:
04 October 2016
Appeared in issue:
Vol 29 No 2 - 01 October 2016
Sonali Bank pays £3.25m and has deposits blocked for AML failings; ex-MLRO banned & fined
Timon Molloy, managing editor
Online Published Date:
24 October 2016
Appeared in issue:
Vol 29 No 3 - 01 November 2016
FCA ban of Carrimjee upheld, in Goenka market abuse case
The Upper Tribunal has upheld the Financial Conduct Authority’s decision to ban Tariq Carrimjee from compliance oversight and money laundering reporting significant influence functions, because he failed to escalate the risk that Rameshkumar..
Online Published Date:
24 October 2016
Appeared in issue:
Vol 29 No 3 - 01 November 2016
Annuity sales probe leads to past business review for some firms
By Neasa MacErlean
Online Published Date:
24 October 2016
Appeared in issue:
Vol 29 No 3 - 01 November 2016
Aviva fined £8.2m for outsourced client assets protection failings
The Financial Conduct Authority has fined Aviva £8,246,800 – the highest penalty for a firm so far in 2016 – because it neglected to oversee outsourced providers properly when protecting client assets.Between 1 January 2013 and 2..
Online Published Date:
24 October 2016
Appeared in issue:
Vol 29 No 3 - 01 November 2016
MiFID consultation envisages taping requirement for financial advisers
By Neasa MacErlean
Online Published Date:
24 October 2016
Appeared in issue:
Vol 29 No 3 - 01 November 2016
Ex BlackRock “star” manager charged with insider dealing
Criminal proceedings have been launched against Mark Lyttleton, a former BlackRock investment portfolio manager, who the Financial Conduct Authority has charged with three counts of insider dealing.The 45-year-old has been summoned to attend the..
Online Published Date:
24 October 2016
Appeared in issue:
Vol 29 No 3 - 01 November 2016
FCA curbs marketing excesses of banks in primary capital markets
By Neasa MacErlean
Online Published Date:
24 October 2016
Appeared in issue:
Vol 29 No 3 - 01 November 2016