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The ABC of ESG

Online Published Date : 07 December 2022 | Appeared in issue: Vol 35 No 4 - 01 December 2022

There is a lack of well-informed and joined-up thinking when it comes to the urgent activity of environmentally sustainable investing, says an ethical specialist in the area. Chris Hamblin spoke with Julia Dreblow.

Poor controls on communications contribute to £4.7m market abuse risk fine

Online Published Date : 12 December 2022 | Appeared in issue: Vol 35 No 5 - 01 February 2023

Weaknesses in controls on their voice brokerage systems were a significant reason for the £4.7 million fine imposed on three linked inter-broker dealing firms. The three - all part of BGC Inc - conducted 80 per cent of their business this way but used a "limited, sample-focused design that was not sufficient to provide adequate monitoring", according to the FCA.