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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

FCA doubles raids in UK crackdown

The number of dawn raids conducted by the Financial Conduct Authority (FCA) has almost doubled over the past year, from 13 in 2017 to 25 in 2018. Admittedly, 25 is not a huge number but the increase is certainly a significant one.… Continue Reading

Mixed messages from the FCA on Brexit

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

FCA Study: Millions of Brits are too timid to complain

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

Reoch and Barrett: Time to shift to ‘conduct from the top’

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 boss Staley fined $870,000 for trying to unmask whistleblower

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 Financial Conduct Authority and the Prudential Regulation Authority said Staley failed to “act with due skill, care and diligence” by trying to hunt down the whistleblower.… Continue Reading

Tom Fox: Where are England’s whistleblowers?

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