Industry News

Risk Management Industry News for FCA Regulated Businesses

Topics: Industry Regulator

What you should be doing about Conduct Risk?

The Alternative Investment Management Association (AIMA) published the journal article ‘What is conduct risk and what should you do about it?’

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Topics: Industry Regulator

Bank of England announces the fair and effective market review report

The Bank of England yesterday released its fair and effective market review report. This report identifies a number of policy proposals that enhance the fairness of FICC (wholesale Fixed Income, Currency and Commodities) markets while also boosting...

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Topics: Industry Regulator

FCA CIO talks about SaaS and Salesforce

In a recent interview with www.cio.co.uk (full article here), Gareth Lewis, CIO at the FCA talks about the want to analyse all the data he can in order to ensure regulated businesses are not unfairly treating UK consumers.

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Topics: Industry Regulator

AIFMD: All Systems Go?

This week saw the end of the transitional period of AIFMD (Alternative Investment Fund Management Directive). As of July 22nd all Alternative Investment Fund Managers (AIFMs) within the EU fall under the regulation, which was first introduced in 2013....

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Topics: Industry Regulator

FATCA registration deadline extended to May 5th

Financial Institutions under the remit of FATCA have been issued a short extension to register their funds, assets and accounts with the US Internal Revenue Service (IRS). Initially given until the 25th April, Foreign Financial Institutions (FFIs) now...

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Topics: Industry Regulator

Regulation: 3 Articles on Future Proofing your Organisation in 2014

2014 looks set to to see further regulatory announcements within the Financial Services industries; the ripples still being felt from the introduction of the Volcker rule in the US, and proposals to implement it across the EU. The capital requirements...

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Topics: Industry Regulator

The Volcker Rule: Rewriting the trading landscape in Banking

Tuesday 10th December, all five US financial regulators voted to approve the Volcker rule, a new government ruling intended to restrict risk-taking across the financial services industry.

The rule, named after the former Federal Reserve chairman Paul...

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Topics: Industry Regulator

In the News: JPMorgan’s “extraordinary fines"

On Friday JPMorgan agreed a $5.1bn payout to the US Federal Housing Finance Agency for misleading Fannie Mae and Freddie Mac during the housing boom.

Over the last week, JPMorgan has been threatened with further fines from the US Department of Justice...

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Topics: Industry Regulator

Ofgem fines SSE £10.5m: a GRC perspective

Although Wednesday's announcement of a record £10.5m should come as no surprise to anyone involved in the compliance industry, it should serve as an continuing reminder of the risk of non-compliance. All areas within SSE's sales approach had major...

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