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Correspondent bank fined £5.8m and stops taking new customers over AML breaches
By Neasa MacErlean
Online Published Date:
06 July 2022
Appeared in issue:
Vol 34 No 10 - 01 July 2022
JLT company fined for second time in a decade over bribery risk failures
By Neasa MacErlean
Online Published Date:
07 July 2022
Appeared in issue:
Vol 34 No 10 - 01 July 2022
Firms face “further action” if not applying TCF adequately during cost of living crisis
By Neasa MacErlean
Online Published Date:
08 July 2022
Appeared in issue:
Vol 34 No 10 - 01 July 2022
FCA aims to cut compliance costs through proposals for wholesale markets reform
By Neasa MacErlean
Online Published Date:
08 July 2022
Appeared in issue:
Vol 34 No 10 - 01 July 2022
Over 100 firms required to make liquidity adjustments as FCA refines data analysis
By Neasa MacErlean
Online Published Date:
08 July 2022
Appeared in issue:
Vol 34 No 10 - 01 July 2022
Nearly 90 per cent of funeral plan sector ready for FCA authorisation
By Neasa MacErlean
Online Published Date:
08 July 2022
Appeared in issue:
Vol 34 No 10 - 01 July 2022
Hong Kong Securities & Futures Commission CEO to become next FCA chair
By Neasa MacErlean
Online Published Date:
08 July 2022
Appeared in issue:
Vol 34 No 10 - 01 July 2022
EU and UK perform a product governance two-step
The European Union and United Kingdom have stolen each other's ideas and even worked together on product interventions - a dynamic that continues after Brexit. Writing to a soundtrack of Leonard Cohen's Dance Me to the End of Love, Adam Samuel chronicles the EU and UK's "peculiar intellectual romance on the product governance compliance scene".
Online Published Date:
13 July 2022
Appeared in issue:
Vol 34 No 10 - 01 July 2022
Regtech - calibration is key
In recent years we have seen examples of firms being fined despite having a tech-driven process in place to address their obligations under the Market Abuse Regulation. Suitable surveillance technology is only part of the solution, writes Monica Rodriguez.
Online Published Date:
14 July 2022
Appeared in issue:
Vol 34 No 10 - 01 July 2022
FCA vows swifter action to tackle unused permissions
Consumers are often blissfully unaware of the complexities of the authorisations regime. Ben Rees comments on the regulator's latest initiative to reduce the possibility of retail customers misunderstanding or being misled about their exposure to financial risk.
Online Published Date:
14 July 2022
Appeared in issue:
Vol 34 No 10 - 01 July 2022
EBA considers impact of environmental risk on the prudential framework
While it may be possible to captureenvironmental risks within the existing prudential framework, it remains farfrom certain how those environmental risks will translate into financialrisks. Charlotte HillandDaniel Hirschfieldreporton a European Banking Authority discussion paper.
Online Published Date:
14 July 2022
Appeared in issue:
Vol 34 No 10 - 01 July 2022
Meeting the challenge? FCA review of challenger bank financial crime controls
Ensuring that regulated firms areeffective in preventing financial crimesuch as money laundering andsanctions evasion, remains a key priority for the Financial Conduct Authority –including where new business models enter the industry. Emma Radmorelooks at the main findings of a thematic review and how challenger banks (andothers) should react to the regulator’s conclusions.
Online Published Date:
14 July 2022
Appeared in issue:
Vol 34 No 10 - 01 July 2022
FCA finds varying standards across SMEs’ market abuse measures
The market abuse risk assessments of somesmall and medium-sized firms lack the necessary comprehensive and tailoreddetail, and there are also instances where little or no monitoring is takingplace, the financial regulator has found.Denis O’Connor examinesits latest Market Watch.
Online Published Date:
14 July 2022
Appeared in issue:
Vol 34 No 10 - 01 July 2022
FCA hands out biggest cum-ex trading fine as investigations continue into other firms
By Neasa MacErlean
Online Published Date:
18 July 2022
Appeared in issue:
Vol 35 No 1 - 01 September 2022
Widespread failures found as FCA examines retail bank lending to SMEs
By Neasa MacErlean
Online Published Date:
18 July 2022
Appeared in issue:
Vol 35 No 1 - 01 September 2022