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The FCA Annual Report analysed
July 29, 2014 – 5:01 am | Be the first to comment on this story.

33By Adam Samuel, Wolters Kluwer Financial Services’ contributor.

Anyone expecting the FCA’s recent Annual Report to contain huge revelations about the nature of regulation was probably looking at the wrong document. A regulator’s annual report is a slightly odd document. It mirrors its corporate equivalents while not having shareholders to impress or profit motives to address. Read the full story »

All creatures great and small – some thoughts on pet insurance
July 28, 2014 – 7:16 am | Be the first to comment on this story.
All creatures great and small – some thoughts on pet insurance

By Sue Berwick, Wolters Kluwer Financial Services’ Senior regulatory Analyst.
Figures issued by the Association of British Insurers (ABI) in April 2014 underlined that Britain is a nation of pet-lovers. According to the data, in 2013 …

Getting into order for a major overhaul of the UK client assets regime
July 24, 2014 – 10:07 am | Be the first to comment on this story.
Getting into order for a major overhaul of the UK client assets regime

By Steve Blackbourn – Wolters Kluwer Financial Services’ contributor.
The client asset (CASS) regime is a principal element of the regulated conduct environment overseen by the Financial Conduct Authority (FCA). The latest overhaul and revisions made …

UK Financial Promotions – Part 2: Rule Application & Exemptions
July 24, 2014 – 10:03 am | Be the first to comment on this story.
UK Financial Promotions – Part 2: Rule Application & Exemptions

By Sharon Williams, Wolters Kluwer Financial Services’ contributor.
This is Part 2 of a series of three articles focussing upon Financial Promotions. The first article provided an overview of the UK Financial Promotions Regime. In this …

Hard lessons: the big banks learn from the PPI episode
July 15, 2014 – 7:27 am | Be the first to comment on this story.
Hard lessons: the big banks learn from the PPI episode

By Selwyn Parker, Wolters Kluwer Financial Services’ contributor.
That misbegotten product, payment protection insurance, has become the bane of UK’s Financial Ombudsman Service. Every week, Ombudsman Tony Boorman’s complaints desk takes around 6,000 calls from unhappy …

UK Financial Promotions – Part 1: An Introduction
July 10, 2014 – 7:21 am | Be the first to comment on this story.
UK Financial Promotions – Part 1: An Introduction

By Sharon Williams, Wolters Kluwer Financial Services’ contributor.
The Financial Conduct Authority (FCA), like its predecessor, the Financial Services Authority (FSA), places great importance on compliance with the UK Financial Promotion Regime. Recently this topic has …

New council to improve bankers’ behaviour hits the ground running
July 8, 2014 – 8:49 am | Be the first to comment on this story.
New council to improve bankers’ behaviour hits the ground running

By Michael Imeson, Wolters Kluwer Financial Services’ contributor.
The Banking Standards Review Council is already taking shape but it is likely to take years before it yields real results, writes Michael Imeson.
Banks and building societies have …

A consultation too far: the world’s asset managers want the Financial Stability Forum to back off
July 4, 2014 – 4:52 am | Be the first to comment on this story.
A consultation too far: the world’s asset managers want the Financial Stability Forum to back off

By Selwyn Parker, Wolters Kluwer Financial Services’ contributor.
It’s no secret that systemically important financial institutions – the so-called SIFIs — have been in the cross-hairs of regulators ever since the crisis broke. And, given their …

Regulatory Radar – Issue 29: July 2014
July 4, 2014 – 4:46 am | Be the first to comment on this story.
Regulatory Radar – Issue 29: July 2014

Steve Blackbourn takes a glance at key regulatory events, developments and publications issued during the month of June 2014.
In this edition of the Wolters Kluwer Financial Services’ Regulatory Radar Steve looks at:
 
 

Final rules come into force concerning the application and use of client dealing commission
June 26, 2014 – 5:33 am | Be the first to comment on this story.
Final rules come into force concerning the application and use of client dealing commission

By Steve Blackbourn – Wolters Kluwer Financial Services’ contributor.
The final conduct rules on the changes being made to the UK dealing commission regime came into force from 2nd June 2014, with the Financial Conduct Authority …

Mountains of data: The regulators want to know everything the traders are doing
June 24, 2014 – 7:45 am | Be the first to comment on this story.
Mountains of data: The regulators want to know everything the traders are doing

By Selwyn Parker, Wolters Kluwer Financial Services’ contributor.
When a handful of foreign exchange traders colluded to rig the Libor rate-setting benchmark over the last few years, they not only brought down epic fines on their …

FREE WEBINAR: Fortify the Three Lines of Defense to Combat Compliance Risk
June 20, 2014 – 1:46 pm | Be the first to comment on this story.
FREE WEBINAR:  Fortify the Three Lines of Defense to Combat Compliance Risk

Regulators are clarifying the definition of the three lines of defense and expecting organizations to reexamine how they align and work together across the organization. The most nimble and cohesive teams are going to be …

Internal Control: An Overview and Round-Up
June 19, 2014 – 4:18 am | Be the first to comment on this story.
Internal Control: An Overview and Round-Up

By Robert Ellsworth, Wolters Kluwer Financial Services Regulatory Analyst.
Many years ago, as a trainee accountant later to specialise in internal audit and then compliance, I learnt that the ‘big picture’ of Internal Control in organisations …