Financial Conduct Authority

Guilty Until Proven Innocent – Financial Services Update

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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 […]

You’re Hired: Lessons to Learn from The Apprentice

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With the latest series of BBC’s The Apprentice wrapped up, there are a number of lessons to learn from this year’s winner – and losers. Lord Alan Sugar has named Joseph Valente as victor, winning him a £250,000 investment and a partnership to start up his own business, but is the TV show really representative of […]

Ding dong, Safe Harbor is (effectively) dead…

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As expected, the Court of Justice of the European Union (“CJEU“) has declared EU-US Safe Harbor protocol to be invalid. The implications of this judgment are potentially wide-ranging and still being digested, and the precise parameters of the impact is expected to become clearer as additional guidance is provided by EU regulators.  Initial responses from […]

Candidate Health Check: Application Errors Up in 2015

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There has been an 11 per cent jump in errors on job applications compared to the same period last year, finds HireRight’s latest Candidate Health Check. During the second quarter of 2015, almost two thirds (63 per cent) of applicants provided incorrect details in areas including criminal records, previous employment, educational attainment and membership of […]

Psychometrics evolution: how testing has won over HR

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See a recent article from HireRight’s Becky Mossman on Personnel Today discussing the effectiveness of psychometric testing. Some key points from the article: Psychometrics tools have long been associated with senior hires, but new research suggests that organisations are spreading their use of psychometrics to all job levels. Three-quarters of respondents use psychometrics and 78% […]

Preventing leadership scandals in Financial Services

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How can financial services companies prevent a leadership scandal? See advice from HireRight’s Steve Girdler in a recent article featured in Global Banking & Finance Review. Some of the key points: Britain’s largest banks have paid over £50bn over the last six years for misconduct, but are now beginning to rebuild their reputation. The FCA’s […]

Russian Regulator publishes Data Localisation clarifications: one month to go…

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The long requested guidance to interpreting the Russian Data Localisation laws have now been released by the Ministry of Communications, just one month before the new law comes into force, which requires that organisations that collect personal data from individuals in Russia store that data within Russian territory. The guidance is non-binding, but these are […]

EU Data Privacy Reform Update: Make Mine A Skinny To Go…

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“…simplicity and flexibility are key…” if the new EU Regulation is to work as a long term framework for the protection of privacy rights, according to the European Data Protection Supervisor (EDPS). The EDPS strongly advocates a simple and clear text to enable controllers to easily understand their obligations, and its’ proposed text is 30% […]