Working From Home – the need for enhanced compliance
In the current climate, it is not surprising that contact centre staff are being sent home. Traditionally working in close proximity to each other to generate positive sales or service environments, companies have had to adapt to the changes in working patterns enforced on them by COVID 19, by shutting contact centres down for now. […]
Regulatory challenges of working from home
Business managers globally are facing the dilemma of trying to decide if their business is ‘essential’ or not and whether they should stay open or not. At the same time firms, whichever country they are based in, have to consider how they protect their staff and customers and, if it is even possible to deliver […]
P2P funders seek access to independent reviews
Over the last 12 months the loan based P2P industry has seen substantial change – partly driven by the many high-profile platform failures, coupled with the resulting contagion in the industry, and also partly due to increased regulatory scrutiny. The latter was described as a watershed moment for the industry and it is fair to […]
FCA approach to supervision
The FCA approach to supervision is not new having been put in place 18 months ago, but it has now further tightened the regulatory ratchet for lenders and others with Dear CEO/Board of Directors letters to the different types of businesses it has identified. The FCA groups firms into portfolios (dare we suggest individual bubbles?) […]
FCA fines – simply a cost of doing business?
Every January the FCA announces the fines total for the previous year. The 2020 totals were not quite as high as the 2019 figure, but it has still issued fines of more than £500m in those two years – and that takes into account early settlement discounts. Included in the 2020 figure was a […]
Credit Risk back in the spotlight.
In our blogs, we have often pointed out that PRA observations about one business sector are often highly relevant to other regulated areas. The recent ‘Dear Directors’ letters to credit unions providing their annual assessment of the challenges facing those businesses is a good example. Not surprisingly the letters include an assessment of post COVID […]
Keeping aligned with the regulator
Around this time of year, the FCA usually issues two significant, interlinked, documents. This year is no different as their business plan and perimeter report were both announced at the end of October. As always, they are packed full of nuggets and both reference FCA directional thinking, so there is plenty for risk professionals to […]
Remote working and regulator expectations
Many firms have been remote working for 20 months now. It is a testament to operational resilience plans that so many businesses were able to switch from office-based models to working from home in such a short time. As the world returns to pre-pandemic norms, many firms are grappling with the challenges of hybrid working. […]
What do we mean by due diligence?
We were delighted to attend the Global ABS conference in London last month with our sister company Yabber Global. It was great to hold face to face conversations with our existing clients and potential new ones. We had some wide-ranging chats; so much easier than virtual meetings which in hindsight now appear to be too […]
The importance of Securitisation in non-bank lenders’ strategies
The importance of securitisations for challenger and non-bank lenders is well known and has been the subject of much of our commentary this year. There are number of sessions where the subject will be debated at this year’s Global ABS being held in London on 27 and 28 September 2021. We are exhibiting there – […]
