FCA Principle 3
-
UK regulator fines Starling Bank £29m for ‘shockingly lax’ screening controls
Mark Taylor of Ibex Compliance identifies the key learning points from the FCA’s action against Starling Bank.
-
Citi incurs £61.6m in fines for lack of effective trading controls
Deficiencies compounded human error and led to the accidental execution of $1.4 billion of erroneous orders.
-
FCA says that misleading market communication practices persist
The FCA has highlighted continuing concern about ‘flying’ and ‘printing’ and the failure of firm management to deal effectively with both practices.
-
What UK asset managers need to know about TCFD reporting
Practical overview of climate-related disclosures including which firms are subject to the rules, time scales and the products in scope.
-
ADM Investor Services International Limited fined £6.5m for AML failings
FCA issues another fine for serious financial crime control failings.
-
FCA loses high profile Upper Tribunal enforcement cases
The judgment is critical of the FCA’s conduct of the investigation and enforcement processes.
-
Key takeaways from the TSB case
Operational resilience was the focal point, but there are other issues to consider.
-
TSB fined $59m (£48.65m) due to operational risk management and governance failures
Regulators found that TSB failed to adequately organize and control a 2018 IT migration programme.