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Review of all members’ implementation of the LCR completed by the Basel Committee

20 October 2017

The Basel Committee on Banking Supervision today published assessment reports on the implementation of the Liquidity Coverage Ratio (LCR) in Australia, Brazil, Canada and Switzerland. The assessments, which were conducted as part of the Committee’s Regulatory Consistency Assessment Programme (RCAP), indicate that the LCR regulations in each of these jurisdictions were found to be “Compliant” with the global Basel standards, the highest of the four possible grades.

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FCA reveals findings from its first Financial Lives Survey

19 October 2017

Yesterday we published the speech of Linda Woodall, Director of Life Insurance and Financial Advice, where she spook about the paper ‘Ageing Population and Financial Services Occasional Paper’. In the mean time the Financial Conduct Authority (FCA) reveiled their findings from its first Financial Lives Survey. You can read the summary here on our website. We hope you enjoy reading it.

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Mark Dunn
Mark Dunn

New eBook highlights importance of sanctions compliance

07 October 2017

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.

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Ageing population and financial services

18 October 2017

The Financial Condusct Authority (FCA) published a paper on the aging popualtion. In her speech, Linda Woodall, Director of Life Insurance and Financial Advice, talks about the findings from the paper, like the risk that older consumers’ needs aren’t being fully met. And that there opportunities for firms to apply the findings as part of their own business strategies and models going forward.

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Our Bloggers

Mark Dunn
Mark Dunn

Corruption Perceptions Index released

25 February 2017

Transparency International has released its 2016 Corruption Perceptions Index (CPI). The CPI ranks 176 countries and territories on how corrupt their public sector is perceived to be. The index aggregates a number of different sources, including the views of business people and country experts. Transparency International says the results show “the urgent need for committed action to thwart corruption”. The scoring system ranges from 0 (highly corrupt) to 100 (very clean) and, in the index, over two thirds of countries and territories scored below 50 with a global average of 43. More countries received worse scores than better scores compared to their performance in the previous CPI. Continue reading…