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Risk Management Industry News for FCA Regulated Businesses

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Financial Services, Regulation update

Climate change moves centre stage as a regulatory concern

How seriously are financial services firms taking climate change risks? Recent signs suggest that for those not placing them as a high priority, could well see regulatory trouble ahead.

Gaining an understanding into how climate change risks could...

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Financial Crime, Cyber crime

College for card fraud – how fraudsters learn on the dark web

Online ‘classes’ in how to commit card fraud are available on the dark web, making it easier for novices to find ways of committing financial crime.

Online tutorials were exposed by UK-based Featurespace, a provider of behavioural analytics...

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FCA, Regulation update

Vulnerable customers are centre stage as FCA launches consultation

The Financial Conduct Authority has issued potential guidelines and a consultation on one of its highest priorities – the recognition and fair treatment of so-called vulnerable customers.

The regulator is requesting industry feedback to some suggested...

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FCA, Regulation update

FCA on the warpath as value of fines rises threefold

Anyone who believes the Financial Conduct Authority was treading water in terms of its approach to enforcement should think again. The regulator has issued some swingeing penalties and in the last six months to the end of June, some 10 fines had a...

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Cyber security, Data Protection, GDPR

GDPR proves it is a force to be reckoned with

In recent weeks, two multi-nationals have felt the might of the General Data Protection Regulation (GDPR), as regulators across Europe show they mean business when it comes to imposing large fines and taking tough enforcement action. 

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Financial Services, PPI

Financial services failings prompts rise in Ombudsman complaints

Financial services firms across the board should be questioning their commitment to customer care following a rise in complaints made to the Financial Ombudsman Service (FOS). In the last financial year, some 388,000 new

FOS complaints were made, up...

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