15 November 2024 | UK & Europe

Rachel Reeves’ first Mansion House speech suggests change in approach to regulation

During her first Mansion House speech as chancellor, Rachel Reeves said that the government’s approach to regulation would be a critical part of its aim to grow the UK’s economy.…

11 November 2024 | Asia

MAS getting serious with AML/CFT compliance

The MAS released a guidance paper on 30 October 2024 setting out their supervisory expectations and good practices for effective anti-money laundering and countering the financing of terrorism. The inspections have…

8 November 2024 | Asia

Asia Newsletter | October 2024

NEWSLETTER: Market integrity seems to be a recurring theme from the regulators lately, featuring across multiple fronts. The recent SFC circular shares a laundry list of shortcomings including conflicts of interest, risk…

8 November 2024 | UK & Europe

UK Newsletter | October 2024

NEWSLETTER: Hot on the heels of the UK budget, our Ocorian colleagues have been sharing some of their initial reactions, including implications for those with res non-dom status. As we continue…

8 November 2024 | Americas

US Newsletter | October 2024

NEWSLETTER: We’re tantalisingly close to the election. Whatever the outcome, there’s plenty for firms to be grappling with to develop strong, robust compliance functions and cultures. Whistleblowing continues to be…

7 November 2024 | UK & Europe

FOS H1 2024 data highlights 40% increase in complaints

The Financial Ombudsman Service has published it’s most recent bi-annual complaints data (January 2024 to June 2024), showing the volume of complaints received from various sectors and the outcome following…

7 November 2024 | UK & Europe

Bullying, harassment, and discrimination key pain points in FCA’s NFM survey

The FCA has published the results of a survey covering investment banks, brokers, and insurance firms which found an increase in misconduct allegations between 2021 and 2023. The most prevalent…

5 November 2024 | UK & Europe

Wealth manager letter: insights into avoiding misconduct and protecting consumers

Readers of the FCA’s Dear CEO letter to wealth managers and stockbrokers (sent in November 2023) will note a distinct shift in the FCA’s tone. This was the regulator in…

5 November 2024 | Americas

Ocorian’s Bovill Newgate appoints US Practice Lead

NEWS RELEASE: Specialist financial services regulatory consultancy, Bovill Newgate, part of the Ocorian group, has recruited Portia Amato as US Practice Lead as it continues to expand its services for…

4 November 2024 | UK & Europe

Eight benefits of outsourcing a Nominated Officer role in Guernsey

Outsourcing key regulatory roles, can provide significant advantages to financial institutions. One such role that could be considered is the Nominated Officer. A Nominated Officer’s primary role is to assist…

31 October 2024 | Americas

Creating a culture of compliance through training

Compliance training could be the difference between a strong compliance program and one that would have regulators knocking at your door. The SEC first proposed changes for registered investments advisers…