Regulation Ready

How New Financial Services Regulation Affects You

Posted · Add Comment

In 2013, the Parliamentary Commission for Banking Standards set out plans to improve professional standards and culture in the UK financial industry, promote transparency and increase communication. Following detailed consultation, these rules come into force in March, falling under three categories: Senior Managers Regime Certification Regime Conduct Rules According to the August 2015 FCA media […]

Did the Earth Move for You?

Posted · Add Comment

2015, the year of seismic shifts in the privacy landscape. Let’s take a look back on 2015, here are some of the highlights: Hello to the General Data Protection Regulation (GDPR): the trilogue ended just before Christmas and we now have final agreement on the text of the GDPR which will replace the EU Directive. […]

3 Steps to Preventing a VW-style scandal

Posted · Add Comment

Advice on how to keep your reputation intact Serious reputational scandals can have a dramatic financial impact on the business, damaging share prices, leading to job losses, or, in the infamous case of jewellery company Ratner, almost leading to total collapse. So what can companies do to prevent such a major issue from even taking […]

Financial Conduct Authority

Guilty Until Proven Innocent – Financial Services Update

Posted · Add Comment

The latest development in the ongoing plans to implement the Senior Person’s Regime for Financial Services is that the Treasury has made a U-turn on its proposal to impose a ‘guilty until proven innocent’ approach. The so-called “reverse burden of proof” would have demanded senior bankers proved they were unaware of any wrongdoing at their […]