The Financial Conduct Authority (FCA) has published on 17 July the Terms of Reference for the Investment Platforms Market Study, which sets out the scope and topics that will be covered.

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David Kemp contributes to business development in EMEA for Hewlett  Packard Enterprise Software. By profession he is a Solicitor of the Supreme Court of England and Wales.  After external counsel experience, he spent ten years in Insurance Broking in London before joining ABN Amro Bank in 1990. With nineteen years there as a corporate banker and in-house counsel & compliance officer, he joined Hewlett Packard Enterprise (HPE) effectively in March 2010. Currently he is using his experience to advance the GDPR programme of HPE, amongst other facilities.

The Financial Conduct Authority (FCA) has launched a consultation (attached) on proposals to create a new category within its premium listing regime to cater for companies controlled by a shareholder that is a sovereign country. In February this year the FCA launched a discussion paper (DP 17/2) ‘Review of the Effectiveness of Primary Markets’.  The paper discussed the role of listed primary markets as an important component of the broader capital markets landscape, and the structure of the UK listing regime in supporting that role.

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The Financial Conduct Authority (FCA) has today published the interim findings of the Retirement Outcomes Review. Launched in July 2016, this is the first major comprehensive study into how the retirement income market is changing since the pension freedoms.
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The Fed’s Harker wants to take a patient approach on hiking rates but is prepared to start the balance sheet runoff now. “Let’s start the process of ceasing reinvestment,” he told the WSJ. “Let’s see how the market reacts to that, and then consider the third rate increase this year-whether that occurs or not.”
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1. We, the Leaders of the G20, strongly condemn all terrorist attacks worldwide and stand united and firm in the fight against terrorism and its financing. These atrocious acts have strengthened our resolve to cooperate to enhance our security and protect our citizens. Terrorism is a global scourge that must be fought and terrorist safe havens eliminated in every part of the world.
2. We reaffirm that all measures on countering terrorism need to be implemented in accordance with the UN Charter and all obligations under international law, including international human rights law.

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The Office of the Comptroller of the Currency (OCC) today reported strategic, credit, operational, and compliance risks remain top concerns for the federal banking system in its Semiannual Risk Perspective for Spring 2017.
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A lot can happen in a year. Last June, I was preparing to move to the FCA to take up the role of Chief Executive on 1st July. It was the week before I moved that I realised how much of my time in my new job would be taken up by Brexit.

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The dynamic of risk management and compliance seems to be experiencing a shift toward risk management in operations, and learning to pay attention to detail in order to leverage it. The biggest question often asked is, “I’m aware my company needs to pay great attention to the detail of risk, but I don’t know where to start, or even how to put it into practice.” This is a normal practicality with which most quality professionals struggle. As for what you can do about risk, it’s important to first focus on the process of collecting and analyzing your risks. There are many common, simple, and effective tools to help make risk management a practical option for your business.

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The insurance industry must “redouble” its efforts to maintain relevance in the twenty first century, John Hurrell said in his parting speech as chief executive of Airmic on the opening day of the annual conference.

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