Industry News

Risk Management Industry News for FCA Regulated Businesses

Topics: Data Protection, GDPR, Cyber crime

GDPR may lead to payment of more cyber ransoms

Whilst many believe prevention of security breaches provide the best course of action there are still no guarantees that organisations aren't still vulnerable to  ransomware attacks even if they do have a high level of security. 

The arrival of...

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Topics: Cyber crime

Recognition for the UK's financial crime fight

In the current whirlwind of political and economic certainty, good news can slip under radar. But, it is certainly welcome to note that the UK has been recognised for putting up an effective fight against financial crime.

A report from the Financial...

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Topics: Brexit, UK Senior Managers Regime, Cyber crime, AI, Employment risk

5 challenges for risk managers in 2019

With the UK facing unprecedented political uncertainty and economic volatility, risk managers are under an increasing amount of pressure to mitigate the impact of external forces on their organisations.

Below we consider 5 of the key challenges that...

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Topics: Company Culture

The emerging risk of employee burnout

‘Burnout’ is one of the year’s buzzwords, signifying an extreme type of work-related stress, where those affected experience physical and mental exhaustion that also involves a sense of reduced accomplishment and loss of personal identity.

Employees...

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Topics: FCA, Cyber security

FCA warns ‘no end in sight’ to cyber threat risk

In the year to October, the FCA has revealed a 138% increase in reported technology outages, with 18% of these being cyber-related. The regulator called the rises ‘significant’ and is urging financial services firms to do more to reduce risk.

Speaking...

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Topics: Claims Management, FCA

Claims management – FCA new rules loom

The clock is ticking for claims management companies, with the Financial Conduct Authority poised to take over regulation of the sector – around 1,700 firms - on 1 April 2019. A new regime is coming and it promises to be rigorous.

The claims...

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Topics: FCA, Financial Crime, whistleblowing

Whistleblowers’ rights move to centre stage

Risk managers should be prepared for potential new laws that may be enacted to ensure whistleblowers are subject to fair treatment, anonymity and possibly financial reward.

This follows concerns that those blowing the whistle can face extreme...

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Topics: Cyber security, Cyber crime

Cyber crime continues to threaten despite arrests

Read the news and it would appear the authorities have been cleaning up when it comes to apprehending cyber criminals. This year has seen a swathe of high profile arrests including:

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Topics: UK Senior Managers Regime, Compliance

Senior managers face scrutiny as SM&CR sweeps in

The clock is ticking as many prepare for the FCA’s Senior Managers and Certification Regime (SM&CR), which is poised to be hugely influential in terms of its impact on firms’ culture and operations.

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