Will the FCA crack down on WhatsApp? What happened and what’s next
Multiple U.S. and U.K. regulators have taken enforcement action against firms for off-channel communications on WhatsApp, however, the primary U.K. regulator is yet to make it a clear priority. What can we expect from the Financial Conduct Authority (FCA) going forward?
What do the SEC enforcement results tell us about compliance trends?
With the Securities and Exchange Commission releasing its annual enforcement results, we explore what they convey about regulatory priorities over the last year – and for the year to come.
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’?
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.
Fair Warning – SEC sets out trigger factors for acting against CCOs
In a recent speech, Gurbir S. Grewal, Director of the Division of Enforcement for the SEC, laid out the triggers that will see the regulator acting against compliance functions – and gave insight on how to avoid them.
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.
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.
How to stay on track with regulatory compliance when using Instant Bloomberg messaging
Instant Bloomberg, also referred to as Bloomberg Chat, is a prominent tool that financial organizations often use to connect and communicate – though it doesn’t come without risks. Enhance your compliance policies when using widespread IM applications to stay at the forefront of success and in good standing with regulators.
What is SEC Rule 18a-6? Ensure you are ready for implementation
Last year, SEC Rule 18a-6 was amended alongside Rule 17a-4, marking the first time SBSDs and MSBSPs became subject to regulatory requirements around electronic recordkeeping. As the compliance date for this rule approaches, what steps do swap-dealers and participants need to take to ensure regulatory compliance?