The FCA’s focus, in the six years since #MeToo began, upon tackling ‘non-financial misconduct’ (broadly, poor interpersonal behaviour) in the financial services sector has sometimes been said to be a bit odd and/or not the...more
1/30/2025
/ Board of Directors ,
Corporate Governance ,
Corporate Misconduct ,
Diversity and Inclusion Standards (D&I) ,
Financial Conduct Authority (FCA) ,
Governance Standards ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
Regulatory Requirements ,
Risk Management ,
Senior Managers
The controversial new requirement for all in-scope Payment Service Providers (“PSPs”) to reimburse victims of Authorised Push Payment (“APP”) fraud are due to be introduced from 7 October 2024. This is a significant change...more
8/21/2024
/ Compliance ,
Crime Victims ,
Financial Services Industry ,
Fraud ,
HM Treasury ,
New Rules ,
Payment Systems ,
Reimbursements ,
Reporting Requirements ,
UK ,
UK Payment Systems Regulator
Social media raises a novel set of risks and challenges to effective financial services regulation, particularly in the field of consumer protection and market integrity. Specifically, regulators have expressed concerns...more
2/14/2024
/ Algorithms ,
Anti-Fraud Provisions ,
Compliance ,
Content Marketing ,
False Statements ,
Financial Conduct Authority (FCA) ,
Financial Promotions ,
Financial Services Industry ,
Market Abuse ,
OFCOM ,
Online Platforms ,
Regulatory Standards ,
Risk Management ,
Social Media
The much-promised financial promotions gateway has now become law. The UK financial promotions regime is undergoing a large amount of change at the moment, which we discussed previously....more