Blog
Kingsley Napley’s Medical Negligence Team ‘walks together’ with the Dame Vera Lynn Children’s Charity
Sharon Burkill
24 August 2017
#Brexit: Lords examine financial regulation and supervision
The House of Lords EU Financial Affairs sub-committee has launched an inquiry into the future of financial regulation and supervision following the UK’s departure from the EU.
18 August 2017
FCA proposes extension of senior managers regime
HR professionals need to prepare for the rollout of accountability and conduct rules to the broader financial sector in 2018.
In 2016, the Financial Conduct Authority (FCA) introduced the senior managers regime to enhance senior-level accountability in the financial sector. The regime initially applied to banks, building societies, credit unions and the Prudential Regulation Authority (PRA) – designated investment firms. It was followed swiftly by the new certification regime for other employees at these firms, and the conduct regime. The FCA has now proposed to extend these rules across the financial sector to include insurers, consumer credit companies and all regulated firms.
17 August 2017
Spotlight on UK’s Anti-Corruption Track Record
Last month, Transparency International (TI) published its UK Anti-Corruption Pledge Tracker. We are reminded that the 2016 Anti-Corruption Summit saw leaders come together and make pledges that, if properly implemented, have real potential to reduce corruption across the world. The World Bank estimates that businesses and individuals pay an estimated $1.5 trillion in bribes each year.
11 August 2017
New Guidance on Financial Sanctions – OFSI approach to compliance and enforcement
With recent developments in the field of sanctions policy the Office of Financial Sanctions Implementation has updated its Guidance. This is in light of new Regulations in the area in force from 8 August. Sanctions policy and the UK’s approach to this have also been in the spotlight with the forthcoming International Sanctions Bill ( see related blog).
3 August 2017
The extension of the Senior Managers and Certification Regime
Recent Financial Conduct Authority (“FCA”) proposals seek to extend the Senior Managers and Certification Regime across nearly the whole of the financial services sector.
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