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Risk Management Industry News for FCA Regulated Businesses

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FCA, Regulation, Compliance Management

Moneybarn punished for treating vulnerable customers unfairly

The recent fine handed down to car finance provider Moneybarn, should act as a stark reminder to all financial services firms – they must ensure fair treatment of all customers and in particular, those who could be seen as ‘vulnerable’. This month,...

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Regulation, Banking

Pressure builds on banks to agree fair treatment of push payment fraud victims

In the first six months of 2019, push payment scams cost victims some £208 million, but only a fifth were reimbursed as it was agreed that customers would only be compensated if they were found to be 'blameless' and the bank had not been sufficiently...

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FCA, Regulation, Financial Services

Can regulatory action curb Christmas spending debts?

Christmas is coming and retailers are pulling out all the stops to make sure customers spend, spend, spend. But for those already struggling with money problems, the extra debt they rack up will mean misery way beyond New Year.

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Regulation, Banking

Regulator steps up pressure on the peer-to-peer sector

This year has seen the collapse of two peer-to-peer lenders in the UK and as tougher regulation sets to come into force on 9 December, regulators will not want to see any further impact on market confidence. Last month, FundingSecure entered...

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Regulation, Banking

IT failures – why it’s time for banks to get their houses in order

Is it any wonder that the Financial Conduct Authority and the Treasury select committeewant to see banks improve their IT resilience? More than seven million people in the UK were left unable to use their credit or debit card because of IT failings...

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Regulation, SM&CR

Senior Managers Regime tops list for keeping CEOs awake at night

The Senior Managers and Certification Regime (SMCR) has been revealed as the biggest concern for CEOs within the investment management and financial adviser sector.

What is more, the 2019 CEO Sentiment Research Report, from trade association PIMFA,...

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