All articles by Neil Hodge – Page 31
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How Barclays gave itself a case of Cadmium poisoning
Barclays is in hot water with the SFO over a conspiracy (code-named Cadmium) to engage in illegal lending with Qatar at the height of the financial crisis.
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Ireland takes baby steps toward protecting whistleblowers
No country has a perfect record when it comes to protecting whistleblowers, but Ireland is trying to take steps in the right direction, even if progress remains uneven.
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Cruel Britannia? U.K. grapples with modern slavery in its own backyard
There is far more modern slavery in the United Kingdom than one might think, but regulatory efforts have led to a sharp rise in referrals, awareness, and detection of forced labour.
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Grenfell Tower offers grim reminder of third-party risk
Companies may need to audit how their products are used if they want to avoid being tainted by association with future disasters.
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The U.K. Criminal Finances Act seeks to stamp out corporate tax evasion
The forthcoming Criminal Finances Bill would pose potentially limitless liability for any company in the United Kingdom that is connected to a host of tax evasion-related offenses. But will this legislation actually accomplish much of anything?
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The U.K. election: Another fine mess
Theresa May was supposed to thrash Labour’s Jeremy Corbyn in the recent election and strengthen her mandate for the Brexit negotiations. She failed on both counts, making Brexit more complicated than before.
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Ireland’s historic banking trial ends in epic failure
Ireland’s long-running criminal trial against ex-Anglo Irish Bank Chief Sean FitzPatrick ends in acquittal due to prosecutorial incompetence.
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Reform on the horizon, as U.K. preps for next general election
As U.K. citizens are headed to the polls for the fourth time in four years, the country is headed toward significant corporate governance reforms.
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SocGen and Libya bribery settlement
A look at the recent billion-dollar, out-of-court settlement between French banking group Socie´te´ Ge´ne´rale and Libya’s sovereign wealth fund.
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Artificial intelligence and the financial services sector
Across financial services, the allure of greater compliance efficiency at markedly lower cost makes investing in regulatory technology an easy sell.
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Google and its last-minute tax deals
There is a troubling trend for large companies to equate risk appetite with tax avoidance. Just ask Google, as the company is in talks to correct taxation of its Italian business.
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Control Risks compliance survey
Companies are reluctant to invest in compliance and may be at risk of underestimating their exposure to tough laws that hold them to account for their operations and their supply chains, according to a new report.
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Ireland’s boardroom hopping a conflict of interest
A recent survey from Ireland’s Institute of Directors highlights some key aspects of board of directors’ behaviour, including jumping from board to board, often a conflict of interest.
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France adopts multinational duty of care law
France has adopted a multinational law that aims to hold companies accountable for rooting out any unacceptable or criminal activity within their supply chains.
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The Financial Reporting Council makes its case for broader powers
An influential committee of Members of Parliament has recommended a wide-ranging series of changes aimed at boosting the powers of the U.K.’s corporate governance regulator.
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CMA launches first advertising campaign to curb cartels
The Competition and Markets Authority is putting out a £100,000 (U.S.$124,822) bounty for those who blow the whistle on cartel activity, but not everyone wants to pay for disclosure.
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European Union updates AML rules
The European Union is proposing some updates to anti-money laundering rules in an attempt to streamline coordination among member states in fighting terrorism financing and money laundering.
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Bank of England deputy governor resigns over conflicts of interest
Charlotte Hogg had all of two weeks to enjoy her new position as deputy governor at the BoE before she had to resign for failing to disclose that her brother also worked there.
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Cheques and balances
Sir Philip Green made a deal to pay two-thirds of his former company’s pension deficit last month to keep his reputation intact. But there’s not a lot to be thankful for.
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Reporting on climate risks on the bottom line
The Financial Stability Board is pressuring companies to disclose in some way what their potential risk business impact from climate change risk might be, as this has become a growing concern for investors.