For decades regulators globally have relied on advice and disclosure to protect investors. Through root cause analysis of mis-selling and complaints, regulators are now finding that product governance is an area of the value chain that could more effectively enhance…
Do you really need a compliance manual? Let’s get this clear from the beginning: there are no rules in the UK that say you must have a compliance manual. You are, of course, required to have good systems and controls,…
After the global financial crisis the FCA was left no choice but to put all its focus and efforts on the banking sector. While FCA spent some time on sectors new to FCA regulation such as consumer credit, the majority…
Earlier this year Goldman Sachs (GS) reached settlements with regulators in the US, UK, Singapore, and Hong Kong over 1MDB. On 22 October 2020, the Chief Executive Officer (CEO) of GS sent an email to all employees globally reflecting on…
Market Watch 64 is a timely reminder that the count down to the end of the Brexit Transition on 31 December 2020 is underway. Back in June 2016 FCA said that EU Regulation would continue to apply to UK firms…