Among the many lessons learned in 2020 is that organizations without repeatable, sustainable processes to manage compliance are in clear danger of failing. Keeping up with constantly changing regulations and policies takes a technology solution [...]
Operational resilience is becoming an increasingly familiar phrase circulating UK financial services after the disruption of 2020. As we round the corner to 2021, here’s a recap of the latest requirements set out by the [...]
Implementing the Senior Managers and Certification Regime (SMCR) has been a challenge for many organizations. Now there is the daunting prospect of contending with ongoing maintenance, including the annual assessment of the fitness and propriety [...]
Citigroup recently was publicly rebuked by regulators – and fined $400 million – for failing to improve its hodgepodge of risk and compliance systems. And Citi is not alone in receiving this level of [...]
The senior managers and certification regime (SMCR) covered more than 47,000 UK financial services organizations when it was first introduced in the banking sector in March 2016. The accountability framework, which was extended to all [...]
Fintech – financial technology -- is booming, and the UK is leading the way with some of the most innovative digital technology like blockchain and artificial intelligence (AI) that are inspiring new ways of working [...]
More than half of 261 compliance and audit professionals surveyed about preparedness for the coronavirus pandemic said their companies did not have a crisis response plan for this type of event or that their plan [...]
Compliance is complicated and expensive to manage – often made more so by the very tools and processes intended to get the job done. Many compliance teams struggle with clunky, outgrown technology, inefficient processes [...]
The recent fine handed down to car finance provider Moneybarn, should act as a stark reminder to all financial services firms – they must ensure fair treatment of all customers and in particular, those who [...]
Christmas is coming and retailers are pulling out all the stops to make sure customers spend, spend, spend. But for those already struggling with money problems, the extra debt they rack up will mean misery [...]
This year has seen the collapse of two peer-to-peer lenders in the UK and as tougher regulation sets to come into force on 9 December, regulators will not want to see any further impact on [...]
The coronavirus plague is ushering in a host of new compliance vulnerabilities. Workplaces are going virtual, strict quarantine measures are being imposed, and business closures have been mandated. Organizations are responding with a dizzying [...]
