Compliance Software for the Financial Control Room

Managing a financial trading control room involves balancing a wide variety of tasks. To comply with the rules and regulations, all deals need to be carefully reviewed, the flow of information must be managed strictly, and there needs to be a focus on preventing conflicts of interest. All this work can take a long time to carry out, and a single deal can move slowly through the pipeline. The control room is at the heart of the financial firm, and everything needs to run smoothly to produce optimum results and keep everyone happy. However, with the difficulty of managing compliance in the control room, it's certainly not easy to ensure compliance is carried out effectively.

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Insider List and MNPI Management under MAR

The European Market Abuse Regulations (MAR) have been with us for a few years now. Their purpose was to make companies more transparent and fight the problem of insider trading. But despite being introduced in 2016, the evidence suggests that most UK businesses are not yet compliant with the law and firms are struggling to handle material nonpublic information (MNPI).

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Insider Trading Continues to Pose Risk

Benjamin Taylor and Darina Windsor, two London investment bankers, were charged by the U.S. government in September with selling information about pending mergers and acquisitions as part of a “large-scale, international insider-trading ring.In a recent Bloomberg article, prosecutors say the pair generated tens of millions of dollars in illicit profits as a result of their activities.  

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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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5 tips to create a high impact compliance program

What makes a high impact compliance program? Given the state of many corporate compliance programs, it’s a question we get a lot. Here at MCO, we look at more than just the checklist of activities or the features or even the hotline to report potential violations. Fundamentally, business has shifted from simple checklists to how behavior is being impacted.

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