LC Podcast The FCA Risk Strategy for Principal Trading Firms
Leaman Crellin
Leaman Crellin is a team of regulatory compliance experts with over 150 years of combined experience in top financial institutions and regulators.
Are MRTs Truly Aware of Their Responsibilities?
Introduction In the intricate world of financial regulations, understanding the role and responsibilities of various individuals across your firm is crucial. Among the acronyms that frequently appear in financial discussions are MRTs (Material Risk Takers) and SMFs (Senior Management Functions),…
We need to talk about short-termism
This podcast is supported by the article below. It’s encouraging to hear about progress being made by financial institutions on their attempts to resolve the environmental crisis, however, there is still too little being done about the most critical piece…
Consumer Duty Actions for SMFs
The FCA’s Consumer Duty is live. This duty sets out higher standards of consumer protection for all firms that provide financial services to retail customers. The Consumer Duty requires firms to put the needs of their customers first, and the…
4 Practical Tips to Tighten eComms Controls
Introduction In recent years, the financial services sector has witnessed a series of regulatory fines imposed on firms due to inadequacies in maintaining comprehensive records of employee electronic communications (e-comms). The latest news involves a new round of fines totalling…
Customer’s the Boss; You Face the Risk
Introduction The FCA’s Consumer Duty is live. This duty sets out higher standards of consumer protection for all firms that provide financial services to retail customers: the new bosses in financial services. The Consumer Duty requires firms to put the…
The FCA’s Approach to Big Tech and AI
Some thoughts on the FCA CEO’s recent speech entitled “Our emerging regulatory approach to Big Tech and Artificial Intelligence.” Summary of the FCA’s Approach Here is a short recap, although the speech is a short 5-minute read: What are the…
Fraud Today
Introduction The post-pandemic cost of living crisis and the recent interest rate increases have both put a damper on living standards, not only in the UK, but globally. According to the Office of National Statistics, 4 in 10 adults are…
A robo-call for greenwashing vigilance
Knock Knock! Who’s there? It’s an AI bot, here to inform you that the EU regulator is on their way to tell you that you have ten days to substantiate your eco claims or else face penalties that could turn…
LC Podcast: Shades of Green: How Sustainability is Hitting Financial Services
