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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FCA Highlights Insider Trading Risk and Compliance

The Financial Conduct Authority (FCA) issued an edition of Market Watch this month that shares the regulator’s concerns and findings about control of access to inside information. In the publication, the FCA highlighted the conviction of Fabiana Abdel-Malek, a former Compliance officer in the London branch of a major investment bank.  

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Making G&E Compliance Faster & More Cost-Effective

The CEO of any financial firm will tell you regulatory compliance is one of their organization’s greatest challenges. The compliance part is easy. Regulators tell a firm what to do. Then they must do it or face often severe legal and financial penalties along with reputational damage. It’s HOW to create and implement effective compliance programs in efficient and affordable ways that presents issues for firms.  

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When Conflicts of Interest are Good

Conflicts of interest are a bad thing for corporations. Or are they? Perhaps not always according to Richard L. Cassin, editor at large of the FCPA Blog. Cassin argues via a new blog that in certain circumstances, what the Western world views as a conflict of interest may not be in other cultures.  

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2018 Compliance Roundup - The Nice List

 

“He’s making a list, checking it twice. . .”

We believe it is a great time of year to recognize fellow professionals for their outstanding contributions to the field of compliance and risk in 2018.

Yesterday, we looked at some of the biggest fines of the year, or "The Naughty List". Today we look at some of the more positive events of the year, "The Nice List".

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