Industry News

Risk Management Industry News for FCA Regulated Businesses

Blocking Access To The Money Mules

Money mules are a growing problem and one of the fastest growing financial crime threats in the UK. Risk managers within retail banking, in particular, need to ensure they have robust systems in place to manage the problem.

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Phoenixing – Risks, Rules and the FCA

Risk managers should watch out for new rules set to prevent the practice of ‘phoenixing’ whereby financial services firms deliberately go bust, leaving the Financial Services Compensation Scheme (FSCS) to pick up the tab and then resurface under a new...

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Learning from Carillion – why Corporate Governance Needs A Shake-Up

Poor corporate governance is a major reason why businesses fail and was instrumental in the disastrous collapse of Carillion. So, a forthcoming review of the Financial Reporting Council (FRC) should be widely welcomed by risk managers but what can...

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Why home workers must not slip under the risk manager’s radar

Working from home is a popular choice, often meaning greater productivity and suiting those with family commitments better. But out of sight should not mean out of mind.

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Managing The Risk Of Problem Gamblers

Last November a financial adviser was jailed for 40 months for defrauding largely elderly clients, who he often visited in their homes, of some £844,000.

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What Can Risk Managers Take Away From The Co-op?

The case of the Co-op Bank, once a trusted household name, is poised to become a useful case study for risk managers, not least to show that if things go wrong, it can take years to recover.

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Insurance Companies Receive Warning from FCA

In April 2017, the FCA introduced rules that outlined firms must clearly show the insurance premium a customer paid last year alongside its renewal premium.

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SMR Extends its Reach - Risk Managers Take Note

The Financial Conduct Authority is to extend the reach of its Senior Managers Regime, affecting some 47,000 additional financial services firms and 200,000 individuals. For those risk managers currently not subject to the regime, there is potentially...

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Fraud Finds Its Way Into Fintech

A key Fintech event - the Innovate Global Finance Summit, has recently taken place with record crowds attending, putting London firmly centre stage as a Fintech hub. The UK, with its reputation for start-ups with global potential, has much to be proud...

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