Lafarge has been found guilty of financing terrorism and violating international sanctions by a French court, while several of its former executives have been handed jail sentences in a case that has put corporate ethics firmly under the spotlight.
Neil Hodge
Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management, corporate governance, internal audit, compliance, and legal issues for a wide range of publications in the United Kingdom and United States.
Posted inBanking
FCA sets out plans for industry to compensate 12.1 million for car finance scandal
Over 12 million customers are eligible for compensation after being ripped off by car finance firms that racked up fees by arranging inflated interest rates for loan repayments and denied people the chance to seek better deals.
Posted inCryptocurrency and Digital Assets
Crypto rules may diverge across jurisdictions, but EU’s MiCA likely to prove most attractive
One of the most common ways for a jurisdiction to attract the attention—and investment—of a particular industry is to offer them a regulatory regime that is different and provides enough scope for players in the sector to leverage opportunities for growth.
Posted inTop Stories
How to prepare for U.K. sustainability reporting rules
The U.K.’s plans to revise how companies report more meaningfully on the impact their operations have on the environment will mean organizations will have to dig for better data to satisfy regulators—even if they decide that compliance with the proposed rules is not appropriate for them under the option of “comply or explain.”
Posted inEurope
Europe’s groundbreaking crypto rules put at risk by delays in implementation
Europe may have taken the lead in attempting to regulate cryptoasset firms before any other major jurisdiction, but a year after the ground-breaking rules came into force, it does not necessarily follow that they are robust or that the industry they are meant to hold accountable is embracing them.
Posted inRisk Management
U.K. competition regulator ‘very likely’ to use new enforcement powers despite government’s pro-growth agenda
New powers granted to the U.K.’s main competition watchdog will result in greater scrutiny, tougher enforcement, and a stark warning for companies to review their sales and marketing promotions—especially since some practices have been pushed firmly into the spotlight thanks to legislation that came into effect last year.
Posted inFinancial Services
FCA drive to reduce its investigation costs likely to add to compliance burden for smaller firms, warn experts
The U.K. financial regulator’s move towards “impactful deterrence” could see smaller and mid-size firms come increasingly under the spotlight as the watchdog aims to tackle market-wide concerns instead of primarily focusing on large players capable of doing the most harm.
Posted inTechnology
What to do when the CEO is the ‘biggest AI risk’ to the organization
For the past few years, companies have been grappling with how to control employees’ use of AI in the workplace, but it seems that executives are the most likely to flout the rules and put the organization at risk.
Posted inRisk Management
Compliance main complaint raised by whistleblowers to U.K. financial regulator
More complaints about compliance are reported to the U.K.’s financial services watchdog than any other kind of potential misconduct, and even if few of them result in investigation or censure, experts believe such reports help inform future supervision and enforcement.
Posted inRisk Management
If financial services firms don’t want more AI rules, comply with existing regs, experts warn
The U.K.’s financial regulators have long maintained that AI use by banks, insurers, and other financial services firms is already regulated under existing rules, but such assurances are increasingly being questioned.