Latest opinions that Harriet Christie has shared on Finextra

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Harriet Christie

Chief Operating Officer

Mirrorweb

Member since

06 Jan 2022

Location

Manchester

View Harriet Christie's full profile

Harriet's opinions

Consumer Duty - A work in progress

The Financial Conduct Authority’s (FCA’s) Consumer Duty officially came into action over a year ago, with an implementation deadline of 31st July 2023 for all new and existing products and services. The regulator favored a phased approach, with different obligations landing at different stages throughout the adaptation. This concluded in July 202

02 October 2024 /regulation /wealth RegTech

Australian Business Communications - B-ASIC instructions

On June 26th 2024, the Australian Securities and Investments Commission (ASIC) released new guidance on its expectations around business communications. This came in the form of Information Sheet 283 and an accompanying Press Release, and signaled the regulator’s intention to raise compliance standards. This heralds a new era in Australian co

22 August 2024 /regulation /wealth RegTech

The Generative Generation - AI, chatbots and financial compliance

In March 2023, SEC Chairman Gary Gensler described Artificial Intelligence as “the most transformative technology of our time, on par with the internet and mass production of automobiles". When any groundbreaking tool arrives, a period of adaptation is required. This is more pronounced for regulators, who need to quickly assimilate enough inf...

11 July 2024 /ai /regulation RegTech

2024 so far - Recordkeeping Revamps and Regulatory Rigor

The typical narrative is that as time passes, digital regulation becomes more stringent. Accountability becomes a greater requirement as technology continues to advance and occupy a more meaningful proportion of our professional lives. There’s nothing new here, and yet recent regulatory activity has been even more intense than expected across a va...

06 June 2024 /regulation /wealth Fintech

Whatsapp Compliance, Self-Reporting, and Ripping off the Bandaid

The Securities Exchange Commission (SEC) is trying to instigate deep cultural change around compliance following a high-profile crackdown on ‘off-channel’ communications. Many firms find themselves in a difficult scenario – a kind of regulatory purgatory where they know that they need to make significant changes to their recordkeeping infrastruct...

09 April 2024 /regulation /wealth RegTech

FINRA Report 2024: Recordkeeping Takeaways

The Financial Industry Regulatory Authority (FINRA) recently released its annual regulatory oversight report for 2024. This has been shared to provide firms with key insights and observations from the regulator’s recent operations, with the aim of improving transparency and strengthening compliance programs for businesses in the finance sector. ...

26 February 2024 /regulation /wealth RegTech

Gurbir Grewal and 'A Culture of Proactive Compliance'

When a new year begins, it’s natural to reflect on our direction and make improvements where we can. This doesn't just apply to individuals, but organizations too – it's a clean slate across the board. As we enter 2024, the Director of the SEC’s Division of Enforcement, Gurbir Grewal, is focused less on resolutions, and more an actual revolution. ...

17 January 2024 /regulation /wealth Fintech

How the SEC keeps raising the stakes on mobile messaging

When JP Morgan Chase was fined $200 million for recordkeeping failures in 2021, it felt monumental. While ‘ephemeral messaging’ penalties were admittedly a new proposition, the size of the levy should have drawn a line in the sand and led to a tectonic shift in compliance procedures for financial services organizations. What has unfolded since has...

08 November 2023 /regulation /wealth Regulatory Reporting

How Regtech platforms can adapt to the modern working world

While communications surveillance has become a more pressing requirement in recent years, the truth is that most of the current generation of platforms was built 20 years ago. Society has changed a lot since then, both in terms of our technological capabilities and the ways in which we communicate. It’s important that compliance tools keep up with...

11 October 2023 /regulation /wealth RegTech

Communications surveillance: A company-wide consideration

The Securities Exchange Commission’s (SEC’s) primary function is to protect investors, by drafting and enforcing regulations which hold firms accountable for their actions. One fundamental example of this is that all interactions between brokers and investors must be scrutinized, to ensure no wrongdoing. The prevalence of digital communications i...

28 July 2023 /regulation /wealth RegTech