In July, the UK's Financial Conduct Authority (FCA) finalised changes to its Handbook that brought it into line with the EU Benchmarks Regulation (BMR).
Anti-money laundering policy and regulation continue to evolve in the European Union, but the reality of central federal authority remains some way off.
Concerns that EU banks could lose access to UK clearing houses for derivatives transactions under a no-deal Brexit need addressing as a matter of urgency.
As the Withdrawal Agreement is pending in Parliament, the effects of Brexit remain unclear.
The Financial Regulatory Observer regularly sets spotlights on selected topics driving the regulatory and technological changes in the financial industry.
Appropriate systems and controls prevent the rise of a corporate environment in which unethical or unlawful behavior is ignored.
As enforcement authorities across the world ramp up efforts to investigate and prosecute corruption, compliance programs are becoming more important than ever.
Senior and middle management’s commitment to ABC is crucial to building a corporate culture that clearly and consistently challenges bribery and corruption.
There is a clear perception that employees who pay bribes on behalf of their organizations also benefit, both personally and professionally
When it comes to corruption prevention, it's not just compliance professionals who can spot opportunities for potential wrongdoing
While "tone from the top" is clearly important in framing an organization's ABC policies and culture, it is often the relationships that employees have with their immediate managers that is central to the ABC response.
Compliance functions are key to detecting—and deterring—bribery in any organization. The good news is that, in most instances, the teams are up to the task