Articles

  • 14 Aug

    Article in Financial IT – 8 July 2014

    A new era for training and competence

    To effectively regulate the UK financial services industry, the Financial Conduct Authority has adopted a new supervisory model, which rather than being reactive is pre-emptive and judgement-based.

    Click here to read the full article

    By Neil Herbert Articles Blog
  • 14 Jul

    Article in T-C News July 2014

    Technology, silos and denial: why record keeping is such a problem for regulated firms

    Record keeping is perhaps the area most neglected by UK financial services firms under the FCA’s training and competence regime. What is often misunderstood is that the record keeping standards apply not only to anyone in a control function but also to staff across the business, as well as applying equally across the retail and wholesale sectors.

    Click here to read the full article

    By Neil Herbert Articles Blog
  • 14 Jul

    Article in Global Banking and Finance Review – 30 July 2014

    T&C: Where Compliance and HR Collide or Collaborate?

    Training and competence is a unique element of the financial services compliance landscape, in terms of both perception and technology. Responsibility for it spans different departments, crossing the divide between HR and Compliance.

    Click here to read the full article

    By Neil Herbert Articles Blog
  • 14 Jun

    Article in Global Banking & Finance Review – 20 June 2014

    A New Supervisory Model for Financial Firms

    Since its formation in 2013, the Financial Conduct Authority has made it clear that it is no longer interested in routine compliance processes. The FCA’s focus is now on how the Compliance team, training and competence (T&C) programmes and the firm’s broader compliance culture deliver the ultimate customer experience.

    Click here to read the full article

    By Neil Herbert Articles Blog
  • 14 Jun

    Article in Financial IT – 18 June 2014

    Relieving the pressure on compliance teams

    In the new ‘culture’ that the FCA is advocating and enforcing, everyone has a responsibility for Compliance. A focus on Conduct, quality and suitability of advice, know your customer and general customer and market outcomes must drive outputs in terms of behaviours.

    Click here to read the full article

    By Neil Herbert Articles Blog
  • 14 May

    Article in Global Banking & Finance Review – 23 May 2014

    Overburdened Compliance Staff in Need of Automated Relief

    Pressure on Compliance teams has long been increasing and the FCA has been vocal recently about the fact that it is no longer looking at box ticking and controls. It is interested in ‘outputs’; in terms of how does a compliance activity translate into market or client behaviour and the quality of advice that wealth managers deliver.

    Click here to read the full article

    By Neil Herbert Articles Blog
  • 13 Mar
    ‘City under siege’ is a golden opportunity for HR: seize it!

    ‘City under siege’ is a golden opportunity for HR: seize it!

    The continued battering of the City’s bonus and reward culture from all sides — governments, the media, the general public, Billy Bragg, the Daily Mail, well, everyone really — has led to intense scrutiny and discussion of remuneration practices at nearly all banks.

    By Neil Herbert Articles Blog
  • 09 Sep

    Bridging the gap between HR and compliance

    The FSA has developed very big teeth indeed. A quick look at recent enforcement will tell you that and also reveal that issues around conduct, treating customers fairly (TCF) and training and competence are behind a great deal of it.

    By Neil Herbert Articles Blog News
1 2 3
Twitter Feed
Global regulatory body to launch fresh probe into ETFs https://t.co/MHOwyiv66O #EFT
State of relations: financial institutions and regulators https://t.co/w0bhGDlOJG #financialregulation #insiderdealing
Insider dealing claim false, Börse chief says https://t.co/LuxcoPbC38 #insiderdealing