How has Consumer Duty affected compliance supervision?
The Consumer Duty was introduced to set new, higher standards for firms to adhere to,…
Browsing: Regulatory General
Why FCA-regulated firms can’t skip audits: It’s more than just ticking boxes
Financial services firms, especially those operating under the watchful eye of the Financial Conduct Authority…
Guidance on the treatment of Politically Exposed Persons
In July of this year, the FCA launched a review of how regulated firms treat…
Regulators playing catch up with AI governance
Artificial intelligence (AI) is the simulation of human intelligence processes by machines. It is a…
FCA review of enforcement
In February 2024, the FCA published CP24/2: Our Enforcement Guide and publicising enforcement investigations –…
Firms having to take a long hard look in the mirror over fees and interest payments
Many changes to the financial industry have been implemented because of the new Consumer Duty…
Advice v Guidance
This has been a question that the financial services industry has been struggling with over…
Integrity, Integrity, Integrity
I previously wrote an article entitled It’s Just Human Nature, with examples I had come…
Regulators turn their attention to ‘Critical Third Parties’
In a paper published on 7th December, the Bank of England, as well as both…
Transitioning from Solvency II to Solvency UK
“Solvency II sets out regulatory requirements for insurance firms and groups, covering financial resources, governance…