On Demand: Is conduct and culture the next regulatory priority?
Watch on demand as our expert panel discuss the increasing significance that regulators are placing on a cultivated “culture of compliance" in the U.S.
Consumer Credit Directive: Navigating the new regulatory framework
Recently revised in 2023, the Consumer Credit Directive (CCD) now addresses contemporary challenges in the consumer credit sector, including digitalization and new financial products. But what are the compliance implications of the CCD 2023 Revision?
Operational Resilience within financial services
A seismic outage for TSB Bank led to fines of £48 million for operational risk management and governance failures in 2022. Upon acquisition, the bank attempted to transfer its data between systems over the course of three years. And while the data transfer was successful, the system switch led to severe in-branch errors, with many customers also locked out of their online accounts.
Understanding and handling Politically Exposed Persons from a compliance perspective
In an era of heightened financial scrutiny, understanding and managing politically exposed persons (PEPs) has become a critical aspect of compliance in the securities market.
The guardians of corporate integrity: Why your organization needs a Chief Compliance Officer
At the forefront of navigating today's complex regulatory landscape stands the Chief Compliance Officer (CCO), a crucial executive role that has evolved from a mere policy enforcer to a strategic partner in corporate governance.
FCA report shows 75% of firms are now using AI, but only 34% know how it works
The FCA has published its Artificial Intelligence and Machine Learning Survey for 2024, revealing that 75% of financial services firms are now using AI. Is accuracy now more important than explainability for compliance?
Four key steps to mitigate social media risk
How can firms address the compliance risks that come along with social media's integration into business operations?
What does the CrowdStrike outage teach us about operational resilience?
The historic IT outage that affected 8.5 million Microsoft Windows devices is a cautionary tale about the need for stringent operational resilience testing and planning, especially as regulatory expectations continue to rise.
FCA interviews ‘finfluencers’ under caution: Did social media just get serious?
The Financial Conduct Authority is interviewing 20 finfluencers under caution, shortly after setting trial dates for nine others for promoting unauthorized trading schemes. With criminal proceedings on the horizon, are firms taking social media risk seriously?
What is Telegram, and who uses it: exploring compliance risks
Recently, the Telegram app has come under fire for becoming the preferred online space for online criminals, due to its focus on privacy. In fact, a recent viral article compared the app to the dark web. So it’s clear that regulated companies must tread carefully around its rules and guide staff through Telegram use.
Key updates to the Department of Justice Evaluation of Corporate Compliance Programs
The September 2024 update to the Department of Justice’s (DOJ) Evaluation of Corporate Compliance Programs (ECCP) gives firms much to contemplate and some pressing concerns to address, including the risks associated with emerging technologies.