Barclays bank chief Jes Staley gets to keep his job but faces a significant fine after admitting using bank staff to try to reveal a whistleblower’s identity.
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 inEurope
Getting to the heart of what went wrong at Danske Bank
A long-running money laundering scandal at Denmark’s biggest lender has resulted in one of the bank’s executives stepping down, but he’s unlikely to be the last.
Posted inEurope
Carillion demise brings lessons in compliance
The collapse of U.K. construction firm Carillion points to a need for compliance to step up to the plate and conduct its own due diligence, regardless of where the markets may lead.
Posted inEurope
SFO targets Tesco executives in retrial
Although British supermarket chain Tesco secured a DPA for its 2014 fraud offence, three of its executives still face a reckoning in court—with an uncertain outcome.
Posted inInternal Controls
India’s garment industry put through the wringer
A recent report illustrating substantial environmental issues in India’s garment industry offers a roadmap all companies could benefit from when monitoring and auditing supply chains.
Posted inEurope
U.K. co-op compliance failures raise regulatory questions
A series of compliance setbacks at prominent U.K. co-ops have brought increased scrutiny to both the co-ops … and their regulators.
Posted inEurope
Negative feedback has impact on FCA Financial Services Register plans
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.
Posted inEurope
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.
Posted inEurope
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.
Posted inEurope
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.
