Regulation Ready

Top 4 Concerns with the Senior Managers Regime

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Martin Wheatley, then FCA chief executive, introduced the Senior Managers Regime, Certification Regime and Conduct Rules with the certainty that: “Today we have given clarity on rules that will embed personal accountability into the culture of the City. New conduct rules will add further momentum to improving standards across the industry.” Yet key questions remain […]

Did the Earth Move for You?

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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

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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

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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 […]