Compliance Monitor

Though some of the ambitious proposals have been halted, the FCA's work on integrating non-financial misconduct, including sexual harassment and bullying, into its conduct regime is an immediate priority. Lucy Hadrill and Jo Martin examine the story so far, the direction of travel, what this might mean for financial services firms, along with how to take a proactive approach to DEI in the workplace.

In the next few years, UK consumers will move from relying on passwords for accessing their financial accounts to quicker, safer systems of digital IDs built around biometrics and libraries of background data. Neasa MacErlean outlines the path ahead as well as its opportunities and regulatory challenges for compliance officers.

In some areas there are far too many rules and in others not enough to guide businesses dealing with day-to-day financial promotions issues, who want to do the right thing. Neglect of appropriate enforcement and clear drafting has created an unfair market in which firms with a higher compliance risk-appetite have been cheating at the expense of everyone else, writes Adam Samuel.

Just an ordinary morning and a bit of careless typing rattled markets across Europe and spiralled into a crisis costing Citigroup over £100 million and counting. Yet the firm had received repeated regulatory and internal warnings about flaws in their trading controls, reports Denis O'Connor.

In this transformative period of technological change for financial services, incorporating regulatory compliance and ethical considerations into the adoption of artificial intelligence will be key to long-term success. Philip James and Clemence Girault report on the regulatory landscape as well as practical ways for financial institutions to manage their data, culture and ethics.

As the demand for investment funds with an environmental, social and governance (ESG) or sustainable focus continues to increase, regulators have sharpened their focus on developing rules regarding the naming of such funds, in an effort to counter greenwashing and mitigate the risk of investors being misled. Charlotte Hill and Daniel Hirschfield review the position in the EU, as found in ESMA's finalised guidelines on the use of ESG or sustainability-related terms in funds' names.

The FCA has imposed its first enforcement action under the Electronic Money Regulations 2011 on a British arm of the world'ssecond-largestcryptoasset exchange, Coinbase.

Finalised rules for a system to replace the existing prospectus regulation are expected to be ready by the end of June next year.

Both the long-term imperative for future generations as well as current regulatory and reputational requirements and risks, are driving businesses to reduce their harm to the planet. Andrew Hobbs and Richard Monks explore practical ways compliance teams can support leaders to unlock significant competitive advantage from sustainability.