Latest Articles

The treatment of Politically Exposed Persons (PEPs) – in particular, domestic PEPs - when accessing financial services in the UK has been a recent subject of debate. This is, perhaps in part, due to the media attention surrounding the former...

In the wake of the recent Nigel Farage/Coutts de-banking controversy, the FCA has announced that it is reviewing the treatment of domestic Politically Exposed Persons (PEPs) by financial services firms. The review, which will consider the issue in the context...

In this month's summary of key compliance stories from around the globe, Martin Mitchell looks at some of the regulatory and compliance headlines, including; US regulators issue $555m of fines for messaging violations, UBS settles over bond mis-selling, US SEC...

‘Embedding the Consumer Duty: Part one - understanding the challenge’, explored the question of why ‘embedding’ the Consumer Duty is such a focus for the FCA, and hence for firms. This article considers some of the practical steps firms can...

According to the WTO Trade Volume Index 2022, world trade volumes have grown between 4% - 6% annually since 1995, and the total value of annual trade currently stands at around USD 31.0 trillion. This vast and still growing volume...

For frontline and operations staff working in trade finance, identifying, assessing and mitigating trade risk is a vital and often complex task. To facilitate this, here are three broad areas of focus with some relevant questions to share with your...

In this month's summary of key compliance stories from around the globe, Martin Mitchell looks at some of the regulatory and compliance headlines, including; FCA calls in bank chiefs over interest on savings, Global regulators recommend exit fees for property...

The term ‘non-financial misconduct’ is not formally defined in the FCA Handbook but, instead, has been used by the regulator to describe a range of behaviours including discrimination, bullying, sexual harassment, and criminal behaviour (both inside and outside the workplace)....

What makes the Consumer Duty different to so many of the other regulatory changes which firms have been required to navigate in recent years? Nigel Sydenham delves into how the new Consumer Duty differentiates from other regulatory changes, and why...

This quarter's Concerning Conduct, a summary of recent cases concerning culture and conduct, includes; EY banned from German audit work for two years, Dimon blames regulators for banking turmoil, Credit Suisse chair apologises at fractious final AGM, Court filing claims...

In this month's summary of key compliance stories from around the globe, Martin Mitchell looks at some of the regulatory and compliance headlines, including; UK signs pact with EU to increase co-operation on financial services, SEC launches lawsuits against crypto...

As we approach the implementation date for the new Consumer Duty, it is important to keep in mind the fundamental cultural shift that it represents for retail financial markets. In this article, Michael Sacks shares some training insights and explores...