A compliance consultant is a familiar term within the general insurance sector, but what does the role actually involve, and how many metaphorical ‘hats’ does a consultant have to don?
'Span of Control' - What Firms Need to Know
What is a ‘span of control’? Revisiting an article from January 2018, Kirk Ford explains why this remains a question that few firms can effectively answer.
Supervision – File Reviews, Live Observations and KPIs
During these unprecedented times, the FCA expects firms to ensure that monitoring and supervision of staff is ‘business as usual’. Kirk Ford looks at what robust supervision procedures should involve.
Whistleblowing - Be Prepared
Does your firm have a suitable whistleblowing policy in place? Uncertain market and economic conditions may lead to an increase in incidents so it’s worthwhile that all firms review their approach to whistleblowing. This article looks at the key considerations.
FCA Announces its New Data Collection Platform - RegData
The FCA has announced its new data collection platform, RegData, which replaces Gabriel, and explains how firms will be moved across to the new platform.
FCA Publishes Guidance on Assessing Adequate Financial Resources
The FCA has published finalised guidance on a framework to help financial services firms ensure they have adequate financial resources and to take effective steps to minimise harm.
Business Continuity Planning: Things to Think About
The coronavirus pandemic has tested nearly all businesses on their ability to deal with the unexpected. Failure to be prepared can prove devastating to a business, which is why business continuity planning is so important.
FCA Outlines Response to Covid-19 and Expectations for 2020
In a recent speech, the FCA has outlined its response to the Covid-19 pandemic and its expectations for 2020.
FCA Update on Business Interruption Claims
The FCA has provided an update on the progress of its court action on business interruption insurance policies, following the announcement in May that it was seeking legal clarity to help resolve doubt for those businesses facing uncertainty on their claims.