Regulation Ready

What is the Elephant in the Senior Manager’s Room?

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The Senior Managers and Certification Regime, intended to improve standards and increase transparency and communication between the financial services industry and the regulators, are due to be implemented in just weeks. These rules make individuals accountable for their own behaviour and ensure that those with significant influence regularly undergo checks confirming they are fit and […]

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 […]

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. […]

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 […]

EU General Data Protection Regulation: one small step for privacy, or a giant leap?

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In our blog post of 16 January 2015 HireRight reported on the progress of the EU data privacy reforms.  Excitingly, the Council of the European Union (“Council”) met their self-declared deadline of agreeing a general approach on the General Data Protection Regulation (“Regulation”) and announced on 15 June 2015 that “we have moved a great […]