The COVID-19 pandemic was not just a high tide, it was of tsunami proportions. And as it recedes, it is already exposing fundamental and structural devastation in many businesses. But how much of that is due to a lack of a solid structure in the first place – especially around BCP? Aspida’s Simon Walker shares his insights on how businesses can develop their resilience to protect themselves in subsequent lockdowns.
Broadcast Thursday 10th March, 10am-11am GMT You can catch up now on last week’s webinar on the Future of Funds in Guernsey, co-hosted with our partners Mainspring Fund Services. Key talking points covered in the webinar include: Resilience – Guernsey fund sector has shown great resilience over the last 12 months, once more reinforcing Guernsey’s safe harbour …
JFSC fines SG Kleinwort Hambros firms £719,000 A lack of “robust oversight” and “of documented details of discussions” are the headline findings highlighted in the JFSC’s Public Statement A lack of “robust oversight” and “of documented details of discussions” are the headline findings highlighted in the JFSC’s Public Statement summarising the fines totalling £719,000 against …
Monday, 15th February saw three announcements from the GFSC covering three previously trailed policy updates, salient parts are;
Compliance was once seen as the ‘business prevention unit’, however here at Aspida from our very origins we have seen compliance as a business enabler and our practical and pragmatic tagline has become even more prevalent in recent years.
Whilst the Malta Financial Services Authority in Malta advocates that “RegTech solutions improve regulatory processes with the aim of helping authorised entities to comply with greater certainty and more efficiently to regulatory and supervisory requirements. .”, at Aspida we see utilising RegTech as wider to provide substantially more benefits to businesses.
In the current climate, it’s safe to say that MLROs find themselves in an unenviable position.
Whilst the Financial Conduct Authority in the UK states that “RegTech applies to new technologies developed to help overcome regulatory challenges in financial services”, at Aspida we see utilising RegTech as wider to provide substantially more benefits to businesses.
It is obvious to most that knowing your stakeholders is key to success, but how many regulated financial services businesses consider a key external stakeholder to be regulators?
At first it was Health & Safety officers that were tagged the “business prevention team” then it was Compliance Officers. However, today it seems to be the corporate Governance team that has inherited that particularly unwelcome moniker.
