- Home/Publications/Compliance Monitor
Firms and police collaboration prevents £45m frauds in 2020
By Neasa MacErlean
Online Published Date:
02 March 2021
Appeared in issue:
Vol 33 No 6 - 11 February 2021
Funeral plan consultation envisages cold-calling ban and other major changes
By Neasa MacErlean
Online Published Date:
04 March 2021
Appeared in issue:
Vol 33 No 6 - 11 February 2021
Trader fined and banned after inflating trade volumes 40% in FTSE company
By Neasa MacErlean
Online Published Date:
04 March 2021
Appeared in issue:
Vol 33 No 6 - 11 February 2021
LCF report lifts lid off FCA failings
The collapse of London Capital & Finance in 2019 after acquiring £236 million from 11,600 customers – many of whom were inexperienced or elderly investors – has exposed serious shortcomings at the regulator. A report by Dame Elizabeth Gloster into the Financial Conduct Authority’s supervision of the firm highlights numerous red flags and warnings that went unheeded, dysfunctional silos, miscommunication to the public, along with a culture that disavows responsibility where authorised firms conduct unregulated business. Adam Samuel dissects the disaster.
Online Published Date:
05 March 2021
Appeared in issue:
Vol 33 No 6 - 11 February 2021
Operational resilience put to the test, as new regulatory framework impends
An unexpected and unprecedented threat to theoperational resilience of the financial services sector swept the globe lastyear. Yet while firms were largely able to contain disruption from the Covid-19crisis, they must now prepare for an onerous new regulatory framework,including an extensive papering exercise, write Adam Jamieson, Samantha Pauland Anthony Williams.
Online Published Date:
05 March 2021
Appeared in issue:
Vol 33 No 6 - 11 February 2021
Horizon-scan for the payments, consumer credit and mortgages sectors
The global pandemic continues to poseconsiderable challenges for financial services and, in some instances, hasaccelerated changes in business models and consumer behaviour. Emma Radmoreand Angie Bamboulis survey the horizon for payments, consumer credit andregulated mortgages firms; as well as the measures being adopted to alleviatethe impact of the economic situation on financial services businesses andcustomers.
Online Published Date:
05 March 2021
Appeared in issue:
Vol 33 No 6 - 11 February 2021
Enforcement during lockdown and beyond
How active have the UK regulators been onthe enforcement side during the pandemic? Nathan Willmott and AdamJamieson discuss caseload statistics, remote interviews and the outlook forthe remainder of 2021.
Online Published Date:
05 March 2021
Appeared in issue:
Vol 33 No 6 - 11 February 2021
Treasury consults on regulatory approach to cryptoassets and stablecoins
In January, HM Treasury opened a consultation on the regulation of cryptoassets and stablecoins as part of its wider consultative process on the Government’s approach to cryptoasset regulation. Charlotte Hill, Clare Reynolds and Lauren Clarke examine the proposals and consider next steps.
Online Published Date:
05 March 2021
Appeared in issue:
Vol 33 No 6 - 11 February 2021
FCA v Arch Insurance – Supreme Court partially rescues the insured
The United Kingdom’s highest court hasdetermined that all the insuring clauses under discussion in the FinancialConduct Authority’s test case will provide cover for business interruptioncaused by the coronavirus pandemic. Adam Samuel analyses the judgment.
Online Published Date:
05 March 2021
Appeared in issue:
Vol 33 No 6 - 11 February 2021
Charles Schwab fine reminds firms of client asset pitfalls
An £8,963,200 penalty meted out by the Financial Conduct Authority should prompt firms that are part of a larger corporate group to review the final notice carefully as well as ensure their legal entity specific records, custody accounts at third party depositaries, reconciliations and resolution packs are in order, says Denis O’Connor.
Online Published Date:
05 March 2021
Appeared in issue:
Vol 33 No 6 - 11 February 2021
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