Open banking – the use of application programming interfaces (APIs) to connect banks with other financial services providers – promises many benefits, at least, in theory. But, looking back at last year, it failed to [...]
Lessons from Ten of the Biggest Corporate Failures in the Last Decade by Scott Fenstermaker The Ultimate Measuring Stick: Survival The start of a new decade is the perfect time to take stock of [...]
The Institute of Risk Management (IRM) has reported that there is a shortage of candidates for senior level positions within risk management and has urged organizations to ensure that their professional development schemes and succession [...]
Last Friday saw the collapse of the UK’s largest payday lender QuikQuid, following a raft of customer complaints and compensation claims. The company announced it was quitting the UK market “due to regulatory uncertainty” with [...]
A number of recent cases have resulted in respected names within financial services making it into the news – for all the wrong reasons. These firms had all employed people in positions of responsibility who [...]
Is it any wonder that the Financial Conduct Authority and the Treasury select committee want to see banks improve their IT resilience? More than seven million people in the UK were left unable to use [...]
Recent research has found that two-fifths of UK businesses – primarily SMEs – are unprepared to cope in the event of a no deal Brexit. The survey, from the British Chambers of Commerce (BCC), found [...]
Financial services firms across the board should be questioning their commitment to customer care following a rise in complaints made to the Financial Ombudsman Service (FOS). In the last financial year, some 388,000 new FOS [...]
Last month, the FCA produced its business plan for 2019-20, setting out key priorities and activities for the year ahead. There were plenty of nuggets to help firms improve their risk profiles as well as [...]
Standard Chartered recently released its latest quarterly results, which show it is on course to deliver its key target to shareholders, with its share price rising by over 6% as a result. Many shareholders will [...]
It could be argued that firms should be free to make their own choices when it comes to who they recruit and the type of culture they build. Yet in financial services, the regulator is [...]
As a risk manager are you fully up to date with your company’s corporate social responsibility activities? If not, then current thinking suggests you should be. Promoting CSR strategies in the context of effective risk [...]
