CFTC

ECB’s cyber resilience stress tests are on the horizon for 2024

Amidst a series of regulatory conversations spotlighting security, stability, and resilience, the ECB has announced a stress test aimed to assess how financial firms respond when faced with a simulated cyberattack.

12 Do’s and Don’ts of Internal Communications

Internal communication is a vital – but often overlooked – function within a business that can help to reinforce cultural values, ensure employees feel part of something, and even mitigate potential compliance risks. We explore the do’s and don’ts that will enhance your internal communications strategy.

Artifice and Intelligence – What does AI insider trading mean for regulation?

With a recent demonstration proving that AI is capable of performing illegal trades – and lying about them – where do regulators stand on the ‘AI question’?

Heads or t-AI-ls: FCA speech sets out ‘coin toss’ view on AI adoption

A recent speech by Jessica Rusu, FCA Chief Data, Information and Intelligence Officer, has laid out FCA’s views on AI, its potential, and how we might already have the frameworks to regulate its use.

CFTC Commissioner urges regulatory reforms to keep pace with technology

CFTC Commissioner Christy Goldsmith Romero’s recent remarks on keeping pace with evolving technologies like social media and AI highlight their ability to assist regulators by strengthening protection, broadening financial information outreach, and easing accessibility.

Goldman Sachs sacks four executives for serious violations of communications compliance policy

Goldman Sachs has terminated four executives, including its head of transaction banking, for “serious violations” of the firm’s communications policies and failure to cooperate with compliance teams.

Regulatory Wrap Episode 4: FCA Fines, CFTC Penalties, & the Rise of Voice Capture

In Regulatory Wrap for the week to September 8, 2023, we explore voice capture and the challenges that it poses for compliance teams.

Regulators throw the book at Goldman Sachs and Citigroup for recordkeeping failures

Enforcement actions from the SEC and CFTC against Citigroup and Goldman Sachs showcase that compliant recordkeeping is high on the regulatory agenda.

Ofgem’s £5.4 million fine shows Morgan Stanley still hasn’t gotten the message on compliant communications

With UK energy market regulator Ofgem fining Morgan Stanley £5.4 million for traders’ use of personal WhatsApp accounts for business, is it time for UK firms to get the message on communications compliance?

Culture Wars – Regulators take zero-tolerance stance on the culture behind non-compliance

High-profile enforcement actions by the CFTC and SEC against big name banks are proof that regulators see communications and recordkeeping breaches as a culture issue.