The Financial Conduct Authority (FCA) has published a list of 94 firms without FCA authorisation that it understands to be offering binary options trading to UK consumers. Since January 3rd 2018, firms involved in binary options trading in the UK have been required to be authorised by the FCA.
In an interview, Vítor Constâncio, Vice-President of the ECB talks about inflation not yet meeting its expectations. He answers questions like: is the erratic policies of Donald Trump a risk for financial stability? But also subjects like currency and wage modeartion are discussed. You can read the interview on this website.
Brand reputation has never been more important in influencing consumer and stakeholder decisions. At the same time, brand image can alter extremely quickly thanks to the increasingly instant nature of the media and the profile of public opinion. Witness the impact of the negative media attention on Marks and Spencer’s and their Turkish supply chain using Syrian refugees in their factories or the consumer backlash on grocery brands when suppliers’ use of forced labour on fishing boats came to light. A brand’s reputation now depends not only on the practices of their own organization, but of their entire supply chain. Effective supplier engagement is essential in order to position your organization as an ethical and responsible business and maintain stakeholder trust – but the key enabler to this is to first build transparency and visibility through due diligence and ongoing risk monitoring.
Now that the floor is nearly open for true open banking in Europe as a result of the passing of the PSD2 kick off date this Sunday, observers sit tight to see the scene unfold. Will we be enjoying a Danse Macabre with the incumbent banks in a leading role or a ‘Scent of a Woman’ tango, the unforgettable picture of experience and youth joining forces? Continue reading…
Recent changes to global sanctions regimes – along with some high-profile and costly sanctions violations – illustrate the importance of mitigating sanctions risks. Our recently-released eBook, “Better safe than sorry: The case for building a robust sanctions programme,” takes a closer look atthe costs of compliance failures and advises companies on how to implement a robust compliance programme.
Sanctions regimes can go on for years; the UN Security Council sanctions against North Korea have been in place for a little more than a decade, and U.S. sanctions against Cuba have continued for 50 years. Often geopolitical issues are at the heart of changes in sanctions – both in their strengthening or easing. Just this year (2017), we’ve seen clear evidence of this with a number of new or mooted sanctions by the UN, U.S. and EU.