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 […]

Extraordinary Escalation In RegTech Costing Forecast By 2023

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

Do I Need To Be Regulated As An FCA Authorised Person?

Financial services providers, investment company and consumer credit firms ought to be Financial Conduct Authority (FCA) authorised. Here’s a summary of what you should know. With reference to the provisions made under the Financial Services and Markets Act (FSMA) 2000, financial activities will have to be regulated by the FCA. Any firm (whether an organisation, […]

Using Effective Management information for conduct risk

Underpinning better decision-making by using effective Management information for conduct risk The principle of “conduct risk” has risen to the top of firms’ and regulators’ agendas recently. In the UK, the FCA assumes conduct risk management to be embedded into firms’ risk management frameworks, assisted by relevant management information (MI). Building on latest regulatory and […]

38 Top Basic Questions to ask 3rd Party Outsourcers

Employing a 3rd Party Outsourcer is a huge move, exactly like consenting to manage an Appointed Representative. This article will offer you lots of concerns to raise. NB: You may possibly be required to sign a Non-Disclosure agreement prior to obtaining any answers to a few (nonetheless certainly not all) of these particular questions. If […]

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 […]

Functional Risk Management Awareness

The term Operational Risk Management (ORM) is not brand-new. It has been tossed about in businesses throughout North America for the last a number of years. ORM and the oft associated term Enterprise Risk Management (ERM) have actually been used as corporate buzzwords, organisation culture idioms referenced in board meetings and articulated throughout presentations. Current […]

FCA Authorisations Department – No Harry Potter Here!

It may sound trite, to compare making an application for authorisation to a magic trick, Yet if you are under any impression that less-than-perfect preparation is good enough, listen. Sarah Rapson, director of authorisations at the FCA said that, “We have begun to take a harder line on submissions that border on the vexatious.” Obviously, […]

Do I Really Need To Be Regulated As An FCA Authorised Person?

Payment services providers, investment firms, most financial services companies and retail credit firms have to be Financial Conduct Authority (FCA) authorised. Here’s a summary of what you must know. With reference to the provisions made under the Financial Services and Markets Act (FSMA) 2000, financial activities have to be regulated by the FCA. Any firm […]

Employing Effective Management Information for Conduct Risk

Underpinning better decision-making by employing Effective Management information for conduct risk The philosophy of “conduct risk” has bubbled to the top of firms’ and regulators’ agendas in the last few years. In the UK, the FCA expects conduct risk management as being implanted into firms’ risk management frameworks, promoted by proper management information (MI). Developing […]