Regulation Ready

How New Financial Services Regulation Affects You

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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 […]

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 […]

FCA bans £43,000 fare dodger from working in financial services

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Following the Financial Conduct Authority investigation earlier this year, a former City executive has now been banned for life by the FCA from taking any senior role in the financial services industry. The FCA’s action against Burrows is a sign of how personal integrity is now seen as crucial as the financial sector seeks to restore its reputation. […]

How will the proposed UK Financial Regulation changes impact recruitment and monitoring of staff?

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The recent Parliamentary Commission on Banking Standard’s (PCBS) review of the UK banking sector, made a number of recommendations for changes to the regulatory structure. The FCA and PRA then published their proposed changes, the consultation for which closed on 31st October 2014. On the 17th November 2014, the PCBS responded to the proposals, requesting […]