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EU and UK perform a product governance two-step

Online Published Date : 13 July 2022 | Appeared in issue: Vol 34 No 10 - 13 June 2022

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”.

Regtech – calibration is key

Online Published Date : 14 July 2022 | Appeared in issue: Vol 34 No 10 - 13 June 2022

In recent years we have seen examples offirms being fined despite having a tech-driven process in place to addresstheir obligations under the Market Abuse Regulation. Suitable surveillancetechnology is only part of the solution, writes Monica Rodriguez.

Meeting the challenge? FCA review of challenger bank financial crime controls

Online Published Date : 14 July 2022 | Appeared in issue: Vol 34 No 10 - 13 June 2022

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.