Learning with GAT members

Our joint chair, Peter Mills has been sharing his insights into Conflicts of Interest and indulged in a little horizon scanning in the governance world with members of the Guernsey Association of Trustees at their AGM.

He reminded members of the importance the Guernsey Financial Services Commission are placing on the management of conflicts, quoting the DG, William Mason who spoke on the subject in their 2017 update and highlighted the weaknesses they were seeing at that time. Jersey’s regulator also focussed on the topic in their “Dear John” letter to industry leaders in December. Peter covered the definition of conflicts, legal and regulatory obligations regulated businesses have and gave examples of typical, and less obvious, conflicts that you might be confronted with. Three case studies of particular relevance to fiduciaries gave as much food for thought as the excellent lunch served by the Moores Hotel team!

Aspida’s team of consultants have collected a range of observations which Peter shared together with several simple steps that can be taken to ensure full compliance with the rules and regulations.

Horizon scanning, keeping a weather eye on upcoming regulatory, governance and environmental changes, is a more recent “topic of interest” for regulators who are keen to know how your company is taking into account the future landscape.

Peter provided an overview of upcoming governance matters and the benefits that a GRC platform, such as Resolver by Aspida can have in helping to factor these into your planning.

Aspida welcome Mark Chammings

Aspida Group would like to extend a warm welcome to Mark Chammings who has recently joined us as Head of Financial Crime. Mark has in excess of 30 years’ experience in the finance industry, holding

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