• 16 Jun

    Can compliance teams deal with market abuse?

    Earlier this year, it was reported that investment management firms were bracing themselves for a reinvigorated clampdown on insider dealing.

    By Andy King 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
  • 24 Jan

    Overburdened compliance staff in need of automated relief

    Shock horror. It appears that less than a year after he took the post of head of compliance at Barclays in the wake of the LIBOR-rigging scandal that rocked the City, Hector Sants, former chief of the FSA, has left due to stress and exhaustion.

    By Sue Carter Blog
  • 30 Oct

    The true costs of compliance

    Many firms seem to be congratulating themselves that all their staff have reached threshold competence qualification level 4 or higher and are now logging the requisite CPD hours with the relevant accredited bodies. In due course the SPS’s will be issued and everyone will be happy. That accreditation, however, is only the starting point.

    By Neil Herbert Blog
  • 07 Oct

    The pathway to compliant conduct

    CPD is only part of the journey to compliant conduct and behaviours. It is, in fact, just one input to the process. Simply completing the requisite number of CPD hours does not ensure improvement in or adherence to the higher standards (the outputs) that the FCA now expects (and has clearly signalled will be their focus in future).

    By Neil Herbert Blog
  • 19 Aug

    Where the buck stops on SPS Statements

    One outcome of the Retail Distribution Review is that client-facing individuals are required to obtain a statement of professional standing (SPS) – effectively a practicing certificate – from an accredited body as evidence that they are meeting the standards. The employer must ensure that the required structured and unstructured CPD is completed annually and that relevant Statements of Professional Standing are issued. The latter are issued by the relevant professional body – such as CISI.

    By Neil Herbert Blog
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