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 […]

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 […]

Financial Conduct Authority

FCA and PRA publish final rules for new regulatory regimes

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On the 7th July 2015 the FCA and PRA published the final rules for the new regulatory regime for banks, building societies, credit unions and PRA-designated investment firms. These rules come into force on the 7th March 2016 and there is a timeline for implementation of various phases of these rules. Within this publication they […]