Tag: Compliance

What is the regulatory impact of increased consumer involvement ?

We are living in a world where the level of acceptability of servicing of consumers is increasingly being defined by the consumers themselves, which is suggesting more consumer involvement in regulation. Are our systems, processes and those who regulate prepared for this increased involvement, and who may step in if they don’t ?

Is portfolio compliance a ‘state’ or a process ?

A lot of people are asking me at the moment about what portfolio compliance is, and you may want to read my white paper here Well for professional money managers to date, simply put portfolio compliance is making sure a client’s investment portfolio is in accordance with any mandates or instructions that you agreed with…
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The FCA’s approach to supervising wealth management and private banking firms

I saw a transcript of a speech by Clive Adamson, Director of Supervision, the FCA, at the APCIMS Compliance Conference, London, and noted some key points that the FCA suggest firms focus on. For those reading I thought I would add some commentary (in bold) as to how a number of themes are inherent (or…
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Continuous, Cost-Effective Compliance IS Possible

The emergence of a stricter, more onerous regulatory environment in a number of OECD countries, namely Australia, the UK, and Singapore to protect investors is excellent for the industry but it comes at a high price.  Or does it? Certainly, an effective compliance regime (eg one in which client portfolios do not breach their guidelines…
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