The Consumer Duty is a regulatory reform implemented by the UK’s Financial Conduct Authority. Finalised in July 2022, the guidance is designed to ensure firms deliver good outcomes for their retail customers and act in their best interests at all times.
The UK’s Financial Conduct Authority has highlighted the role of the so-called First Line of Defence in detecting and fighting financial crime.
This report will look in detail at what is meant by operational resilience and how firms should address the following key components which collectively make up an operational resiliency programme:
The UK’s Financial Conduct Authority (FCA) has confirmed a new set of rules designed to protect the interests of customers.
The Financial Conduct Authority (FCA) has written to more than 3,500 lenders to remind them of the standards they should meet as consumers across the country are affected by the rising cost of living.
A recent review by the UK’s Financial Conduct Authority (FCA) has highlighted weaknesses in the way challenger banks assess risk.
RiskBusiness is an international Governance, Risk, Audit and Compliance (GRAC) solution provider, with more than 200 financial services firms currently using our SaaS (Software-as-a-Service) solutions globally.