Regulators Globally are Turning to Automated Compliance

Prominent regulators around the globe agree data-driven regulation and compliance is key to a healthy financial services industry. The Financial Conduct Authority (FSA), the Australian Securities and Investment Commission (ASIC), the Monetary Authority of Singapore (MAS), and the BVI’s Financial Services Commission are all championing, and in many cases, investing in new data technologies. 

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FCA Urges Senior Managers to Look on Bright Side of SMCR

Jonathon Davidson, executive director of supervision, retail and authorizations for the Financial Conduct Authority (FCA) is urging financial firms to consider the Senior Managers and Certification Regime (SMCR) as "a positive thing … as opposed to just a compliance thing which in a sense is constricting." Davidson's viewpoint was expressed as part of an FCA podcast focused on the extension of the SMCR to FCA solo-regulated firms beginning in December 2019. 

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FAA Enforcement Committee Hands Down First-Ever Decision

The French Anticorruption Agency (FAA) made an unsuccessful attempt to take its first enforcement this July as reported by a JD Supra news alert. The move followed the regulator’s three-month audit of an undisclosed company's corporate compliance program.  

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DOJ’s new guidance – Q/A with Susan Divers

Recently, we held a live webinar with special guest Susan Divers from LRN to get her take on the expanded guidance released 30 April, 2019. We thought we’d pick her brain further on this guidance and on high-performing compliance programs.

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Best practices for high-performing compliance programs

It’s a tricky thing to understand what a high-performing compliance program actually looks like. Aside from activities and checklists and even anonymous tips, a high-performing compliance program must include the human element. Do we, as a company, believe we’re always doing the right thing? Because in the end, that is what compliance is all about.

We’ve been fortunate to work with and have at MCO some of the most respected leaders in the compliance space. And from them, we’ve crafted a few best practices for high-performing compliance programs that everyone can easily put into place.

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