FSR and Corporate Crime Notes

Key themes from the FCA's Approach to Enforcement

Authors: Benedicte Perowne and Kimberly Everitt On 24 April 2019 the FCA published its final "Approach to Enforcement" document, following a consultation …

OFAC Emphasizes Importance of Risk-Based Sanctions Compliance Programs for US and International Companies

Authors: John O'Donnell, Jonathan Cross, Geng Li, Christopher Milazzo, Susannah Cogman and Daniel Hudson Further emphasizing its expectation that all …

FCA review of the general insurance distribution chain – “at a glance” guide

In line with its continuing focus on fairness in pricing and customer value, the FCA has published a thematic review on the general insurance …

Proposed 'duty of care' in financial services: next steps

Report into supervision of the Co-operative Bank: lessons not just for regulators but also for firms

Authors: Jenny Stainsby, Vicky Man and Cat Dankos While there have been other reviews1 into the near failure of the Co-operative Bank ("Co-op Bank"), on …

HKMA and SFC issue joint circular following co-ordinated inspections which reveal risky financial arrangements and deficient lending practices

Authors: William Hallatt, Hannah Cassidy and Valerie Tao On 24 April 2019, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures …

No More "Significant Reduction Waivers" – The Trump Administration Further Strengthens Sanctions against Iran

On April 22, 2019, the White House announced that the Trump administration will not issue further "significant reduction waivers" exempting specified …

Impact of Article 50 extension on the UK Temporary Permissions Regime

Following the agreement last week between the UK and the EU to extend Article 50 until 31 October 2019 11pm GMT (see our earlier post), the FCA has now …

New European Banking Authority guidelines offer catalyst for change to outsourcing arrangements

Following consultation in the second half of 2018, the European Banking Authority (EBA) has published its final report on draft guidelines for …

Daily FSR update 9 - 12 April 2019

Due to difficulties with our publishing software, we have been unable to deliver our Daily FSR Update to you over the last few days. In the interim, we …

Japan's whistleblower laws set to change

Japan's Consumer Affairs Agency is currently considering amendments to expand the scope and increase the effectiveness of Japan's whistleblower …

New podcast on conducting internal investigations in Asia

Robert Hunt, a partner in the firm's corporate crime and investigations practice, has recorded a podcast for the Corporate Compliance and Ethics Blog on …