The FCA has abandoned Financial Services Register plans that would have placed the responsibility for certifying the suitability of key people other than “senior managers” onto the firms.
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.
FCA calls for technology for ‘smarter’ regulatory reporting
In a bid to cut down on firms’ “burdensome” reporting woes while easing its own workload to review such reporting, the Financial Conduct Authority is seeking input on how technology could make regulatory reporting simpler and more consistent.
Report: Royal Bank of Scotland abused small businesses during financial crisis
The U.K. Financial Conduct Authority has released a report detailing how RBS mistreated distressed small businesses over a six-year period starting in 2009.
New U.K. recall regulator for ‘white goods’
The U.K. government has set up a new national body to tackle the recall of dangerously faulty white goods and electrical items following evidence that manufacturers are slow to carry out the process and local authorities are disinclined to oversee it.
SFO charges Barclays a second time over fraudulent $3B Qatar loan
Barclays will face charges of unlawful financial assistance in relation to an illegal transaction during the height of the financial crisis to keep the bank from failing.
European Commission fines Qualcomm €997M for Apple deal
What was supposed to be a sweetheart deal with Apple for supplying smartphone microchips has turned into a major enforcement action for Qualcomm.
Lactalis baby milk recall a nightmare of its own making
French dairy giant Lactalis is facing a massive baby milk recall both due to salmonella and its failure to disclose the contamination in a timely manner.
Equal pay fast becoming a U.K. compliance issue
Disputes over discrepancies in compensation are rapidly involving both boardrooms and human resources in ways that compliance will ultimately oversee.
Morrisons data breach creates additional cyber-liability
A recent court case sets the precedent that even if you have been hit with a malicious data breach, you may still face vicarious liability for it.
Regulators skeptical of Uber’s work to fix breach processes
A look at the trials and tribulations of taxi-app company Uber: data breaches it tried to keep hidden, how they were exposed, what Uber is doing to fix operations.
