Risk assessments
-
Finanstilsynet highlights improvement areas across credit institutions’ compliance functions
Danish supervisory reviews shed light on risks and drive improvements in banks and mortgage credit institutions’ compliance work.
-
FCA puts firms on notice over anti-money-laundering shortfalls
Issues highlighted in the report include the quality of customer risk assessment, detailed practical guidance, recordkeeping, and independent second-line assurance.
-
Badly fitting risk – lessons from impact investment
When buying off-the-shelf guff policies leads to poor risk management: what to look out for and what to avoid.
-
OPINION: Financial crime risk and operational risk – same threats, different questions
David Brain surfaces a gap in how these risks are commonly framed, and explains why a financial crime BWRA should not be treated as a subset of operational risk.
-
FCA says firms must help retail investors understand complex ETP risks
The regulator has raised concerns over some firms having weaker controls, and limited assessment of customers’ experience and knowledge of ETP-associated risks.
-
Pritchard signals FCA support for “responsible and managed” risk-taking
Senior executive says missing out on opportunities can have a greater cost in the long term than taking responsible and managed risks.
-
CFD providers may be failing to deliver fair value to consumers, FCA warns
The regulator said there is evidence of good practice too, but that firms can do better in adhering to the Consumer Duty.
-
Distribution channels biggest AML/TF risk in Finnish life insurance sector
General risk level remains at level two of a four-stage scale.