By The Enforcd Team

Competent Employees: Regulatory Requirements, Theory and Practice in Financial Services Firms

Every regulated company is obliged by law to ensure that its workers comply with the “Competent Employees Rule”, as detailed in the FCA and PRA handbooks. This article takes a look at what companies can do to demonstrate – to themselves, regulators and customers – that they only recruit people who have the appropriate skillset …

By The Enforcd Team

Why now is the time to embrace RegTech

Regulators are asking some tough questions, but RegTech can help financial services firms find the answers if they are willing to embrace new technology. Banks and financial institutions face a challenging landscape. In a post-financial crash world, they are coming under intense regulatory scrutiny, but at the same time, they face a market which is …

By The Enforcd Team

Financial Services Regulation: What to Expect in 2018

It’s a busy, demanding and unpredictable year ahead in the world of financial services regulation. Happy New Year! Now, buckle up because 2018 is likely to be a regulatory minefield.  New technologies, new rules and a fresh landscape all have the potential to create enormous problems. Some companies are better set up than others. Fear …

By The Enforcd Team

FCA Financial Lives Survey: Avoid Having Children for a Healthier Financial Future

The FCA Financial Lives Survey was published on 18 October 2017. Titled “Understanding the financial lives of UK adults”, the FCA will use the Survey to identify potential consumer detriment. Results have already informed its Financial Advice Market Review Baseline report, the Ageing Population and Financial Services Occasional Paper, and will inform the forthcoming Approach …