Following the banking crisis in 2008, the Parliamentary Commission for Banking Standards (PCBS) recommended the creation of a new framework focused on increasing senior management accountability. Based on this recommendation, Parliament passed legislation in December 2013 that prompted the primary regulators of the financial services sector, the F...
30 August 2019 Operational Risk Management
For any FCA regulated firm, the risk and compliance function is an essential and integral part of the business – but it wasn’t always that way. Martin Kisby, Head of Compliance at Equiniti Credit Services, explores the motivations behind the evolution of compliance functions in consumer credit firms. Risk and compliance departments, once held ...
07 January 2019 Financial Risk Management
Is the answer to how best to define a vulnerable consumer really as simple as quoting the FCA’s definition? “A vulnerable consumer is someone who, due to their personal circumstances, is especially susceptible to detriment, particularly when a firm is not acting with appropriate levels of care.” Whether every vulnerable consumer ‘is especially susc...
24 October 2018 Financial Services Regulation
Sarah JacksonDirector at Equiniti Credit Services
Gareth MahoneyHead of Compliance at Moorwand
Emily HarrisHead of Compliance at Fiat Republic
Christina LawHead of Compliance at Transwap
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