Industry News

Risk Management Industry News for FCA Regulated Businesses

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Insurance, AI

AI and insurance – powering ahead

It's an exciting time within the insurance sector at the moment, as artificial intelligence is increasingly making its presence felt.

However, there are still, some challenges ahead in terms of how insurers look to utilise AI, as well as its potential...

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FCA, Financial Crime, Cyber security

Regulator focus on vulnerable customers set to continue

The FCA are due to release further guidelines, in the coming months, in regards to identifying vulnerable customers. It’s vital that firms do their best to identify those who may need additional support and the regulator may well sanction those who...

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FCA, Financial Crime, Cyber security

Financial crimes of the future: can the regulators keep up?

Tackling financial crime can be an uphill battle, with criminals often employing new tactics and strategies in order to move the goalposts for regulators.

Attempting to stay one step ahead is therefore essential, with some understanding into the...

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FCA, Cyber security, Regulation update

Can the FCA take control of cryptoassets?

The FCA is becoming increasingly hands-on when it comes to cryptoasset regulation and one thing is clear, new rules are coming. Risk managers can expect a key update this summer when the regulator will report back on its consultation, which closed on...

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Financial Services

Financial Ombudsman Service gains new powers

The Financial Ombudsman Service (FOS) can now hit firms with orders to pay higher levels of compensation and is also now accepting complaints from a wider group of SMEs. This should act as a stark warning – if customers are unhappy, then their...

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FCA, Third Party Risk

Time to put third party risk management first?

Third party vendor risk can result in potentially hugely damaging incidents, but many businesses tend to focus on protecting their in-house systems and processes and can be less concerned about those they hand over to others, who may well be perceived...

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