As we approach the anniversary of the Financial Conduct Authority’s first published set of aggregated results, it’s a good time to review what that means for risk managers across the UK and Europe.… Continue Reading
The Financial Conduct Authority’s (FCA) chief executive Andrew Baily has said that Brexit will place “considerable demands” on his organization over the next year. According to him, the complex challenge of successfully extricating the UK’s financial services industry from the European Union will place a strain on the FCA’s resources for the third year in succession.… Continue Reading
More than 15 million people in the UK routinely miss out on refunds, replacement products, and getting other problems sorted because they don’t know how to complain with confidence.
A study for the Financial Conduct Authority (FCA) found that 28 percent of Brits put up with queue jumpers, bad meals at restaurants, and poor service “because they lack the confidence and know-how to speak out.”… Continue Reading
I have commented on several occasions about whistleblowing, so my thoughts on the subject are already well documented. I am a strong advocate of whistleblowing as a means of policing rogue companies or the individuals they employ.… Continue Reading
It has long been recognized that a critical principle of good governance and compliance is the implementation, promotion and communication of the right tone at the top. It is the fundamental groundwork in setting a company’s culture and is arguably the most important principle in the prevention and detection of bribery and unethical conduct.… Continue Reading
Barclays chief executive Jes Staley was fined £642,430 ($871,000) by UK regulators Friday for trying to identify an anonymous whistleblower who made allegations about Staley’s role in recruiting another employee.
The case of Barclays chief Jes Staley attempting to unmask an anonymous whistleblower came to an almost imperceptible and silent ending recently when the UK’s Financial Conduct Authority concluded that Staley’s actions were not done intentionally but apparently with some other, lesser standard.… Continue Reading
An ombudsman for the Financial Conduct Authority said the agency should apologize to a former Royal Bank of Scotland employee after it revealed his name during a whistleblower investigation in 2013.… Continue Reading
The new chief of the regulator of the financial services industry in the United Kingdom is a former corporate finance partner at magic circle firm Slaughter and May.
Charles Randell was named chair of the Financial Conduct Authority on Friday.… Continue Reading
Artificial intelligence will always be a “work in progress” in fighting money laundering and won’t entirely replace humans and their intuition, a top UK regulator said.… Continue Reading