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Corporate Culture United Kingdom

Ankura

Navigating Fraud in Insolvent Companies: Lessons for the UK

Ankura on

In an ever-evolving UK economy, insolvency is a challenging, yet sometimes inevitable, aspect of business operations. When insolvency is caused by fraud, the repercussions can be severe, impacting employees, creditors, and...more

Ankura

Beyond Internal Controls: The Importance of Culture in “Failure to Prevent Fraud” Preparation

Ankura on

The Failure to Prevent Fraud (FTPF) offence will officially come into force as part of the Economic Crime and Corporate Transparency Act in September 2025. In a previous article, we explored the government’s guidance around...more

Proskauer - Regulatory & Compliance

UK Financial Regulators Drop Diversity and Inclusion Rules but Keep Culture in Focus

On 11 March 2025, the UK’s financial regulators confirmed they have decided not to move forward with proposed diversity and inclusion (D&I) rules for financial firms. This decision in a letter by the Financial Conduct...more

Goodwin

Non-financial Misconduct and Culture: A Reminder for FCA-Regulated Firms in the UK

Goodwin on

Firm culture remains a key topic on the Financial Conduct Authority’s (FCA’s) radar this year. In a previous alert, we discussed the FCA’s proposals for all FCA-authorised firms to better integrate non-financial misconduct...more

A&O Shearman

UK SRA’s new guidance on internal investigations and legal professional privilege

A&O Shearman on

Independence, legal privilege and reporting to internal stakeholders are key areas of focus in the UK Solicitor Regulation Authority’s (SRA) new guidance for in-house internal investigations lawyers published in November...more

A&O Shearman

UK authorities respond to Treasury Committee questions about Sexism in the City inquiry recommendations

A&O Shearman on

The House of Commons Treasury Committee has published letters from HM Treasury, the Prudential Regulation Authority and the Financial Conduct Authority setting out progress made to date in relation to the Committee's "Sexism...more

A&O Shearman

UK Financial Conduct Authority publishes guidance on firms' approaches to Consumer Duty board reports

A&O Shearman on

The Financial Conduct Authority has published its findings following a thematic review into firms' approaches to completing the first annual Consumer Duty board report. Under the Duty, a firm must prepare a report for its...more

Latham & Watkins LLP

Recent Developments for UK PLCs - December 2024

Latham & Watkins LLP on

On 15 November 2024, the FCA released Primary Market Bulletin 52, offering guidance on compliance with MAR and DTR requirements, particularly in identifying and disclosing inside information, managing shareholder...more

WilmerHale

FCA Survey Results Reveal Rise In Nonfinancial Misconduct

WilmerHale on

Make no mistake, nonfinancial misconduct remains at the top of the Financial Conduct Authority's agenda. Originally published in Law360 - November 26, 2024....more

Seyfarth Shaw LLP

Reflections on the Positive Duty to Prevent Sexual Harassment two years on

Seyfarth Shaw LLP on

In light of recent legislative changes in the United Kingdom, from 26 October 2024, UK employers have a new duty to take reasonable steps to prevent sexual harassment of workers in the course of their employment....more

Seyfarth Shaw LLP

Preventing Sexual Harassment in the Workplace: A Cultural Shift or Business as Usual?

Seyfarth Shaw LLP on

Sexual harassment in the workplace is a pervasive issue with serious consequences for both employees and employers. According to a 2023 Trade Union Congress poll, 60% of women reported experiencing sexual harassment,...more

A&O Shearman

UK Financial Conduct Authority Publishes the Findings of Its Culture and Non-Financial Misconduct Survey

A&O Shearman on

The U.K. Financial Conduct Authority has published the findings from its non-financial misconduct survey. The survey, sent to 1,028 wholesale banks, brokers and insurance firms in February, aimed to examine how firms detect...more

McDermott Will & Schulte

New Duty on UK Employers to Prevent Sexual Harassment

McDermott Will & Schulte on

From 26 October 2024, UK employers will be subject to a new positive duty to prevent sexual harassment of workers in the course of their employment. The new preventative duty is set out in the Worker Protection (Amendment of...more

A&O Shearman

UK Financial Conduct Authority Findings from Review into Firm Oversight of Appointed Representatives

A&O Shearman on

The U.K. Financial Conduct Authority has published its key findings, good practices and areas for improvement following a review of how principal firms are meeting the FCA's enhanced appointed representative rules that were...more

Mayer Brown

United Kingdom: Pension Trustee Diversity - The Role of Employers

Mayer Brown on

In March 2024, TPR announced the results of a 2023 survey on trustee diversity. The results confirm that trustee boards are less diverse than the overall population, with the “typical trustee,” as described by TPR, being “a...more

NAVEX

The UK Worker Protection Act: A New Era of Workplace Safety

NAVEX on

The UK Worker Protection Act 2023, amending the 2010 Equality Act, represents a significant milestone in safeguarding employees against sexual harassment. With a compliance deadline of October 26, 2024, this Act places a...more

Latham & Watkins LLP

FCA Sets Out Latest Areas of Focus Under the Consumer Duty

Latham & Watkins LLP on

FCA finds firms have been working hard to embed the Duty, but there remains room for improvement. On 20 February 2024, the FCA published more information on the Consumer Duty, including a publication highlighting good...more

Ius Laboris

Enforcing a positive duty to prevent sexual harassment in the workplace

Ius Laboris on

A new law relating to sexual harassment in the UK is due to come into force on 26 October 2024 which places a legal obligation on all employers to take proactive measures to prevent sexual harassment from occurring in the...more

A&O Shearman

Luxembourg Employment Law: Top 10 Topics for 2024

A&O Shearman on

Please find below a concise summary of our top 10 topics to watch out for in 2024, with some practical tips and recommendations on how to prepare and respond effectively to these challenges and opportunities....more

Latham & Watkins LLP

10 Key Focus Areas for UK-Regulated Financial Services Firms in 2024

Latham & Watkins LLP on

In this publication, we explore some of the core focus areas for UK-regulated financial services firms in the year ahead. 2023 saw significant progress on the regulatory reform agenda, and many measures consulted on or...more

A&O Shearman

D&I in FS: how to get a head-start on the FCA and PRA proposals

A&O Shearman on

This is the last post in our series on the UK Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) proposals to introduce a new regulatory framework on diversity and inclusion (D&I) in the financial...more

A&O Shearman

An extraordinary and transformative year

A&O Shearman on

Senior partner Wim Dejonghe reflects on a game-changing year for A&O, culminating in the transformative merger with Shearman & Sterling, record full-year revenues and progress across many other strategic areas....more

A&O Shearman

Setting D&I targets: what the UK regulators expect from financial services firms

A&O Shearman on

The UK financial services’ regulators have introduced new proposals on setting diversity and inclusion (D&I) targets by firms. These proposals aim to address underrepresentation of particular demographics within firms and the...more

Littler

UK: World Menopause Day 2023 - What Developments Have We Seen This Year?

Littler on

Many employers spent World Menopause Day 2023 showcasing their support for employees. The spotlight on supporting employees with menopause continues to shine, both from a DEI perspective and also from recent cases in the UK...more

Health Care Compliance Association (HCCA)

On ethics: Christian Hunt

AT: Before we get into the heart of the interview, I want to make a quick detour into your background. You spent most of your career in the financial services arena, working at UBS, Deutsche Bank, and the United Kingdom...more

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