Financial Regulation

Keeping watch – Key learnings from the FCA’s Market Watch

The U.K. regulator’s Market Watch newsletter provides insight into areas of focus, investigatory findings, and potential upcoming enforcement priorities, and is a must-read for firms looking to stay on the right side of regulation.

The road ahead: A podcast summary on recordkeeping compliance and regulatory action

Regulators have made their view on noncompliance clear as they continue to use a firm hand to squash communications and recordkeeping violations. Global Relay’s Executive VP of Compliance, Chip Jones, spoke to this point in an FCPA Compliance Report podcast, weighing in on what moves organizations can make to ensure they’re not dealt the next costly blow.

The FCA’s vision to become a more ‘effective regulator’

The FCA touched on several points recapping its progress over the past couple of years and outlines goals to ignite long-term growth through an adapted regulatory approach. This “growth mindset” comes after industry response that it desires enhanced effectiveness and efficiency concerning regulatory measures.

No policy? No problem – How to create proactive policies for IM and social media

When it comes to flourishing communication methods like social media and IM, choosing to ban platforms and steer away from creating policies could leave your organization vulnerable to substantial compliance violations. Mitigate regulatory risk and remain compliant by proactively implementing procedures and policies for emerging messaging channels sooner rather than later.

Surveil to prevail: An electronic communications webinar recap

The multiplication of communication channels makes it easier than ever before to communicate, yet increasingly difficult to comply within the financial services industry. In a recent webinar, industry experts including Global Relay’s Rob Mason set out how firms can manage risk by attending to surveillance strategies and communicating policies in a way that is comprehensive to employees and mindful of regulations.

Compliance, communications, and compensation: DOJ’s ECCP follows the rhythm of regulatory action

The DOJ released its Evaluation of Corporate Compliance Program (ECCP) amendments in March 2023, which center around communication retention policies for personal devices and messaging applications, as well as compensation criteria in relation to compliance. Subsequent guidelines and enforcements have proved these notions still remain at the front of regulators’ minds.

FSOC proposes changes to non-bank regulation loopholes

In light of recent market turbulence, the Financial Stability Oversight Council has set out proposals that will bolster its ability to assess the systemic importance of non-bank financial organizations for Fed oversight.