On 9th February I joined Philip Allen of the BBA to deliver a webinar (click here to access the recording) entitled ‘‘Enforcement Update: What the Regulator wants and expects in 2017”. Some interesting polling occurred which can be read about in a separate blog. Continue reading “What the Regulator wants and expects in 2017”
On 9th February 2017, I joined Philip Allen of the BBA to deliver a webinar entitled ‘‘Enforcement Update: What the Regulator wants and expects in 2017”.
This piece focuses on the polling that occurred during the hour, which provides an interesting snapshot into current industry sentiment around conduct risk and individual accountability – themes which are as prevalent as ever across the financial services industry. Continue reading “Senior Managers Regime Poll 2017”
At a conference (Practising Law Institute Sixteenth Annual Institute of Securities Regulation in Europe) today Mark Steward, FCA Director of Enforcement and Financial Crime, made a number of comments on fines, conduct of financial services firms and senior managers need to take responsibility for their actions as well as exercise meaningful oversight of what goes on in their firms. Continue reading “FCA says Senior Managers need to take Responsibility for their Actions”
The Bank of England has published the results of it’s stringent 2016 stress tests, which incorporated a synchronised UK and global recession with associated shocks to financial market prices, and an independent stress of misconduct costs. Continue reading “The Bank of England Stress Tests show Misconduct has biggest negative Balance Sheet impact”
In a speech at Web Summit in Lisbon the Bank of England’s COO, Charlotte Hogg, gave an update on the work of the Bank’s FinTech Accelerator since its launch in June. Charlotte detailed the current work underway and the firms the Bank is engaging with, and made reference to Enforcd’s ‘proof of concepts’ during the speech. Continue reading “Enforcd mentioned by Bank of England’s COO in Speech”