Uncategorized

Summary of the FCA’s Three-Year Strategy and 2022/23 Business Plan

In April, the FCA published its three-year Strategy, setting out how it will achieve better outcomes for consumers and markets throughout the UK. Alongside that, the FCA published its latest annual Business Plan for 2022/23, setting out its priorities and actions over the next twelve months in support of the Strategy. We summarise the key …

Summary of the FCA’s Three-Year Strategy and 2022/23 Business Plan Read More »

UK’s sanctions on Russia and the impact on GRC professionals

In response to the situation in Ukraine, the UK announced increased sanctions applicable to Russia on 24 February 2022. The Prime Minister who announced these described by them as “the largest and most severe package of economic sanctions that Russia has ever seen”. These are available on the Foreign, Commonwealth & Development Office website. This month’s insight provides …

UK’s sanctions on Russia and the impact on GRC professionals Read More »

FCA Dear CEO letter to Retail Banks on common AML failings

The FCA recently published its Dear CEO letter (dated 21 May 2021) issued to retail banks requesting for the firms to identify and address common control failings in their anti-money laundering (AML) frameworks by 17 September 2021. In the letter, the FCA detail the common weaknesses identified in its recent assessments of retail banks’ financial crime systems …

FCA Dear CEO letter to Retail Banks on common AML failings Read More »

PRA Business Plan 2021/22

On 24 May 2021, the PRA published its business plan for 2021/22. The plan covers sets out the PRA’s strategic goals for the coming year, its budget for 2021/22 and its highest-level actions to mitigate the impact of COVID-19 on the regulated firms and the economy.  In this month’s industry insight, we summarise the business plan’s …

PRA Business Plan 2021/22 Read More »