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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2024-06-28T19:30:00
A Bank of England (BOE) report warned of private equity risk management deficiencies as interest rates remain stagnant, with international coordination important.
The BOE’s biannual Financial Stability Report, issued Thursday, said risk management practices in private equity “need to improve,” including among lenders to banks. The BOE’s Financial Policy Committee will consider regulatory work from the Financial Conduct Authority and Prudential Regulatory Authority to address these issues, with international coordination important, the bank noted.
The report found that U.K.-based private equity-backed corporates are susceptible to international shocks due to a large portion of funding coming from U.S. markets.
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Full price one year membership with auto-renewal.
Membership $599
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2024-07-24T17:54:00Z By Neil Hodge
A lack of risk visibility is causing companies to reject customers–and potentially lose money–over fears they might be in danger of violating rules around anti-money laundering and sanctions regulations.
2024-03-06T18:09:00Z By Ruth Prickett
The U.K.’s Department for Business and Trade named 524 businesses found to have failed to pay the national minimum wage, ahead of wage hikes for certain workers that will take effect April 1.
2024-02-13T22:12:00Z By Ruth Prickett
Corporate culture, internal controls, and assurance moved up the boardroom agenda with the publication of the U.K.’s revised corporate governance code and its supporting guidance.
2024-07-31T15:31:00Z By Adrianne Appel
A nationwide rental outlet affiliated with Rent-a-Center and its chief executive have been sued by the Consumer Financial Protection Bureau for allegedly deceiving five million consumers about the terms of credit agreements.
2024-07-15T16:45:00Z By Jeff Dale
The Treasury Department’s Financial Crimes Enforcement Network updated an alert first issued in February warning financial institutions of Israeli extremists fomenting violence in the West Bank.
2024-06-20T15:40:00Z By Aaron Nicodemus
Compliance departments at financial institutions must become more involved in ensuring their firm’s operational resiliency to address emerging risks, the Treasury Department’s Office of the Comptroller of the Currency said in its semi-annual risk perspective.
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