All United Kingdom articles – Page 4
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Blog
Brexit vote unlikely to produce clarity, so government prepping businesses for the worst
While the current Brexit deal (set to be voted on Tuesday evening) remains the U.K. government’s top priority, it understands preparation for all scenarios is necessary.
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Article‘No-deal’ Brexit risks U.K. and EU data transfer problems
In the event of a ‘no-deal’ Brexit, EU data commissioners are warning of data transfer restrictions between the European Union and the United Kingdom, which will be treated as a third country.
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ArticleBrexit deal: Take it or leave it?
British Prime Minister Theresa May’s proposed Brexit deal has been controversial, but there appears to be very little room for negotiation if it is scrapped.
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Article
New SFO director will leverage compliance officers’ expertise
Head of the Serious Fraud Office Lisa Osofsky laid out her priorities for the agency in the coming months and provided CCOs a glimpse into what the SFO will expect.
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Business calls for diplomacy to head off ‘no deal’ Brexit
While the U.K. government is advising companies to prepare for the worst, business groups are urging greater diplomatic efforts to ensure a no-deal Brexit doesn’t come to pass.
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ArticleU.K. government preps for ‘no-deal’ Brexit
The U.K. government has outlined a contingency plan to help companies prepare for a worst-case scenario—the “no-deal” Brexit.
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Article
Deal or no deal: Companies prep for Brexit
European organizations are focusing on contingency plans in preparation of a possible “no deal” exit from the European Union.
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ArticleA peek at the compliance nightmare of a no-deal Brexit
Though it is still unlikely, a look at the compliance implications (and complications) of a no-deal Brexit is enough to make anyone shudder at the thought.
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Article
Bank of England: EU not doing enough to combat Brexit risks to financial services
The Bank of England thinks the United Kingdom has made positive “progress” on handling the risks of disruption to financial services likely to be caused by Brexit, but adds there has been a lack of similar action from the European Union.
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Blog
U.K. government gets tough on poor payment practices in procurement
Suppliers will be excluded from major government contracts if they cannot demonstrate fair and effective payment practices with their sub-contractors, under a package of tough new measures announced by the U.K. government.
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Blog
Report: Brexit ‘Red Tape’ will cost exporters £58 billion a year
Brexit red tape will cost around £31 billion for EU exporters and £27 billion for U.K. exporters, according to a new report by Oliver Wyman and Clifford Chance. Impacted firms must take steps now, they warn.
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Article
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.
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Blog
SFO: Tell-tale signs of money laundering
Serious and organised crime costs the United Kingdom an estimated £24 billion a year, states a new government report setting out the threats posed by money laundering. With the report, the government relaunched its “Flag it Up” campaign to raise awareness and show how the legal and accountancy sectors can ...
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Blog
OECD: Brexit to weaken U.K. economic growth
The Organisation for Economic Co-operation and Development projected that Britain’s exit from the European Union will result in a sharp slowdown in economic growth in the United Kingdom.
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Blog
BAE Systems strikes blow to U.K. manufacturing sector
Defense contractor BAE Systems has just dealt a major blow to the U.K. manufacturing sector, following today’s announcement that it will be cutting nearly 2,000 jobs.
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Blog
Leaving the sinking Brexit ship
Several banks and other industries are jumping ship from the United Kingdom. But what will this all mean for compliance officers?
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Blog
U.K. mulls new fines for lax cyber-security measures
Organisations that fail to implement effective cyber-security measures could face significant fines, as part of plans to make Britain’s essential networks and infrastructure safe, secure, and resilient against the risk of future cyber-attacks.
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Blog
U.K. government seeks views on NIS Directive
The U.K. government this week published a consultation seeking views on its plans to implement the EU’s Network and Information Systems Directive, which is due to come into force in May 2018.
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Article
A double whammy for the cosy club
Directors in the United States and United Kingdom are facing increasingly divergent realities when it comes to regulatory accountability. And that gap is only growing.
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Article
U.K. Banking Standards Board releases inaugural benchmark report
An inaugural report on the overall state of banking culture in the U.K. suggests a widespread respect of risk and compliance, but not so much for speaking up and accountability.