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The Regulatory Side of Ebola
December 17, 2014 – 7:39 am | Be the first to comment on this story.

110By Martyn Oughton, Wolters Kluwer Financial Services’ contributor.

This latest outbreak of the Ebola virus, that has generated so much media coverage, is showing no signs of abating. The number of deaths from the virus quoted by the World Heath Organisation has now topped the 5,000 mark, and in countries such as Sierra Leone, fresh cases are still being discovered. But, given that there have not been any cases in the UK to date, should there really be any need for concern on the part of both insurers and regulators? A search of the UK conduct regulator, the Financial Conduct Authority’s (FCA) website for “Ebola Virus” returned no results (as at 25 November, 2014). So there appears to be no apparent cause for concern at the moment. But that does not mean that the regulatory environment will not be affected by this outbreak – all that is required is to look a little deeper. Read the full story »

Spotlight on the UK’s FCA Compliance Oversight Function: CF10
December 9, 2014 – 11:36 am | Be the first to comment on this story.
Spotlight on the UK’s FCA Compliance Oversight Function: CF10

By Sharon Williams, Wolters Kluwer Financial Services contributor.
All regulated firms are required to have a compliance oversight function. Firms and those approved persons performing the compliance oversight function should be aware that the regulators have …

Gone in 60 seconds: there’s more than one way to punish forex rate-riggers
December 9, 2014 – 11:31 am | Be the first to comment on this story.
Gone in 60 seconds: there’s more than one way to punish forex rate-riggers

By Selwyn Parker, Wolters Kluwer Financial Services’ contributor.
It’s the 60 seconds that has brought unwanted publicity – and penalties — to a gilded portfolio of international banks. At precisely 15.59.30 London time begins the one …

Spotlight on UK’s FCA Controlled Functions
December 5, 2014 – 8:24 am | Be the first to comment on this story.
Spotlight on UK’s FCA Controlled Functions

By Sharon Williams, Wolters Kluwer Financial Services’ contributor.
Controlled functions apply to all firms regulated by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) and dual regulated firms. They are roles that the regulators …

UK’s FCA TR 14/18 on complaint handling analysed
December 5, 2014 – 8:22 am | Be the first to comment on this story.
UK’s FCA TR 14/18 on complaint handling analysed

By Adam Samuel, Wolters Kluwer Financial Services’ contributor.
The publication of November’s TR 14/18 on complaint handling did not bring hope to those of us who take complaint handling really seriously. A member of the FCA …

Regulatory Radar – December 2014
December 5, 2014 – 8:19 am | Be the first to comment on this story.
Regulatory Radar – December 2014

Steve Blackbourn takes a glance at key regulatory events, developments and publications issued during the month of November 2014.

Getting behind the fundamentals of systems & controls
November 27, 2014 – 9:13 am | Be the first to comment on this story.
Getting behind the fundamentals of systems & controls

By Steve Blackbourn, Wolters Kluwer Financial Services contributor.
The need for a UK regulated firm to have and show it has robust and effective ‘systems and controls’ has been a fundamental element of the business and …

Thin blue line: compliance officers are being pushed into the vanguard of crime-fighting
November 21, 2014 – 8:11 am | Be the first to comment on this story.
Thin blue line: compliance officers are being pushed into the vanguard of crime-fighting

By Selwyn Parker, Wolters Kluwer Financial Services’ contributor.
Unlikely as it sounds, a mass raid on the Los Angeles fashion district on 10 September 2014 is closely linked with the unprecedented demand for compliance officers in …

JMLSG update: a busy year for all sectors
November 14, 2014 – 10:28 am | Be the first to comment on this story.
JMLSG update: a busy year for all sectors

By Chris Hamblin, Wolters Kluwer Financial Services’ contributor.
The Joint Money-Laundering Steering Group, whose job it is to give the financial services sector a practical interpretation of the UK’s Money Laundering Regulations, has had a busy …

Bigger budgets and a bigger role – Europe’s main regulators are empire building
November 11, 2014 – 7:22 am | Be the first to comment on this story.
Bigger budgets and a bigger role – Europe’s main regulators are empire building

By Selwyn Parker, Wolters Kluwer Financial Services’ contributor.
All three of Europe’s biggest regulators have made a pitch for fatter budgets as they aim to extend their control over national supervisory authorities. In their annual briefings …

Bank stress tests – a good outcome, but not quite a clean bill of health
November 7, 2014 – 6:04 am | Be the first to comment on this story.
Bank stress tests – a good outcome, but not quite a clean bill of health

By Michael Imeson, Wolters Kluwer Financial Services’ contributor.
Banking authorities in Europe have been assessing the strength and capital adequacy of the banking system through a series of stress tests. So far the results are encouraging, …

Regulating the emerging Mobile Banking Market
November 7, 2014 – 5:58 am | Be the first to comment on this story.
Regulating the emerging Mobile Banking Market

By Sharon Williams, Wolters Kluwer Financial Services’ contributor.
The British public have enthusiastically embraced mobile banking, with its take-up proving to be far faster than that of either internet or telephone banking. Research published by the …

Risk threat from Cyber on the rise
November 5, 2014 – 7:30 am | Be the first to comment on this story.
Risk threat from Cyber on the rise

By Nick Kochan, Wolters Kluwer Financial Services’ contributor.
Operational risk managers are bombarded with information about the growing number of fraud threats to their organisations. But none is more alarming and more insidious than that which …