- Home/Publications/Compliance Monitor
FCA nears “tough legacy” solutions as it announces end dates for LIBOR
By Neasa MacErlean
Online Published Date:
08 March 2021
Appeared in issue:
Vol 33 No 7 - 08 March 2021
FCA consults on April return to repossessions
By Neasa MacErlean
Online Published Date:
09 March 2021
Appeared in issue:
Vol 33 No 7 - 08 March 2021
FCA presses "nuclear button" against NatWest with criminal AML charges
National Westminster Bank plc will appear before Westminster Magistrates' Court on 14 April 2021 to answer charges that it failed adequately to monitor and investigate "increasingly large cash deposits" by a UK incorporated customer between 11..
Online Published Date:
16 March 2021
Appeared in issue:
Vol 33 No 7 - 08 March 2021
Insurers granted extra time for ‘price walking’ reforms
By Neasa MacErlean
Online Published Date:
24 March 2021
Appeared in issue:
Vol 33 No 7 - 08 March 2021
Younger, risk-taking investors are looking for “challenge and novelty”
By Neasa MacErlean
Online Published Date:
24 March 2021
Appeared in issue:
Vol 33 No 7 - 08 March 2021
High Court opines WhatsApp ‘trading signals’ sent to clients were advice
By NeasaMacErlean
Online Published Date:
27 March 2021
Appeared in issue:
Vol 33 No 7 - 08 March 2021
Tribunal to rule on FCA decision to ban IFA convicted of sexual grooming of a child
By Neasa MacErlean
Online Published Date:
29 March 2021
Appeared in issue:
Vol 33 No 7 - 08 March 2021
The developing regulatory approach to climate change
“Climate change is the single greatestthreat to a sustainable future,” said former United Nations secretary-generalBan Ki-moon. Banks and the largest insurers have already integratedclimate-related risks into their risk management frameworks; now, the assetmanagement sector must also prepare for enhanced regulatory obligations. Sushil Kuner outlines the key initiatives for financial services firms underway in the UK.
Online Published Date:
07 April 2021
Appeared in issue:
Vol 33 No 7 - 08 March 2021
FCA’s approach to authorising and supervising international firms
In a post-Brexit market, the Financial Conduct Authority has published guidance for international firms that provide, or seek to provide, financial services in the United Kingdom. Charlotte HillandArnav Guptaexplain the various legal set-ups, authorisation applications, along with the regulator’s expectations on risk mitigation.
Online Published Date:
07 April 2021
Appeared in issue:
Vol 33 No 7 - 08 March 2021
Senior manager accountability – five steps to protect yourself
One of the most common requests fromsenior managers for legal regulatory advice is what their obligations to take‘reasonable steps’ mean in practice, and how they can ensure they arefulfilling this requirement. Adam Jamieson and Samantha Paul set out a framework.
Online Published Date:
07 April 2021
Appeared in issue:
Vol 33 No 7 - 08 March 2021
Promotions rules for individual mortgage contracts and debt advice
“The absurd over-regulation of debt counselling promotions is keeping reputable organisations out of the marketplace,” says Adam Samuel; while “it is difficult to fathom why a representative example that nobody ever reads should stand in the way of a competitive individual mortgage offer market.”
Online Published Date:
07 April 2021
Appeared in issue:
Vol 33 No 7 - 08 March 2021
Banks face proposals for mandatory APP fraud reimbursement
Customer reimbursement levels under thebanks’ voluntary code to tackle Authorised Push Payment fraud have so far provenpatchy and disappointing, so the Payment Services Regulator wants to imposestronger measures in the coming months, reports Denis O’Connor.
Online Published Date:
07 April 2021
Appeared in issue:
Vol 33 No 7 - 08 March 2021
Pitfalls of the disciplinary process during lockdown
Even when offices re-open in the coming months, homeworking is likely to remain more prevalent than before the pandemic. Polly James and Catherine Turner discuss particular considerations when disciplinary procedures are conducted in a remote working context.
Online Published Date:
07 April 2021
Appeared in issue:
Vol 33 No 7 - 08 March 2021
The SMCR, five years on
Half a decade after its implementation, the type of enforcement case envisaged by those who crafted the current financial services accountability regime has yet to emerge. Though any perception of improved firm cultures is arguable, many senior managers have found their clearer areas of responsibility a sobering incentive to seek to ensure they aren’t on the hook for a regulatory breach. David Rundle appraises the SMCR’s performance.
Online Published Date:
07 April 2021
Appeared in issue:
Vol 33 No 7 - 08 March 2021