Category Archives: Information Update

Do You Have Control of Your Risk & Compliance Documents?

Deep in the heart of your company’s network directories are in all likelihood to be a variety of vital documents. These documents could well save your business in the event of prosecution, regulatory enforcement, employment tribunal or a complex insurance claim. They are your risk & compliance documents. Failure to manage and/or deliver this documented evidence can put your business at considerable risk of fines, regulatory scrutiny and even prosecution (even if you are actually compliant).

Fresh FCA proposals on operational and security risk management by Payment Services Providers (PSPs)

  During March 2018, the FCA issued its consultation paper (CP18/6) on its proposed approach to the application of the European Banking Authority’s (EBAs) final guidelines on security procedures for operational and security risks of payments services under PSD2. The Latest Approach document, Version 2, was released 19th December 2018 https://www.fca.org.uk/publication/finalised-guidance/fca-approach-to-payment-services-electronic-money-2017.pdf.  Generally, the documents do […]

A Matter of Trust

Military formations have long struggled to decrease the tension concerning the rigidity of their organisational constructions and the need for fast, definitive, imaginative leadership plus overall flexibility of activity on the battlefield. General George Armstrong Custer’s ego, for example, blinded him to the realities of the predicament at the Battle of the Little Big Horn, […]

Brand-new FCA suggestions on operational and security risk management by Payment Services Providers (PSPs)

In March 2018, the FCA released its consultation paper (CP18/6) on its proposed approach to the application of the European Banking Authority’s (EBAs) final guidelines on security measures for operational and security risks of payments services under PSD2. The Latest Approach document, Version 2, was released 19th December 2018 https://www.fca.org.uk/publication/finalised-guidance/fca-approach-to-payment-services-electronic-money-2017.pdf Generally, the documents do not […]

Ambulance Chasers Caught?

Claims management companies (CMCs), known in the financial services compliance business as “Ambulance Chasers” will must come up with over ₤ 7m in 2019 to set up a compliant scheme to adequately satisfy the regulator of the the sector, the Financial Conduct Authority (FCA) has revealed.  The approximate price to be paid in 2019-20, if […]

Ambulance Chasers Finally Get Cornered?

Claims management companies (CMCs), known in the financial services compliance business as “Ambulance Chasers” will have to stump up over a cool ₤ 7m next year to develop a compliant scheme to adequately satisfy the new regulator the sector, the Financial Conduct Authority (FCA), The amount be paid in 2019-20, if accurate, is 42% of […]

Are Money Market Funds Really For You?

Are Loan Market Funds For You? Cash funds are among the most popular money management tools. These financial investments are also touted as the safest kind of fund. Prior to investing in them, you need to initially know exactly what they are, their advantages, and if they are ideal financial investments for you. What Money […]

Brand-new FCA proposals on operational and security risk management by Payment Services Providers (PSPs)

In March 2018, the FCA published its consultation paper (CP18/6) on its proposed approach to the execution of the European Banking Authority’s (EBAs) final guidelines on security strategies for operational and security risks of payments services under PSD2. The Latest Approach document, Version 2, was released 19th December 2018 https://www.fca.org.uk/publication/finalised-guidance/fca-approach-to-payment-services-electronic-money-2017.pdf. Generally, the documents do not […]

Underpinning Better Decision-Making By Using MI

Underpinning better decision-making by employing Effective Management information for conduct risk The conception of “conduct risk” has risen to the top of firms’ and regulators’ agendas in the last few years. In the UK, the FCA presumes conduct risk management as being implanted into firms’ risk management frameworks, maintained by suitable management information (MI). Building […]

Significant Raise In RegTech Costing Forecast By 2023

That is with reference to a new report from Juniper Research, which anticipates that spending on RegTech platforms, particularly, will increase from a quoted $18bn (₤ 14bn) this year to $115bn (₤ 100bn) by 2023. Financial investment is forecast to go up by approximately 45% per annum over the next five years, far greater than […]