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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Neil Hodge2023-10-11T14:00:00
The U.K.’s financial regulators set out proposals to ensure firms treat nonfinancial misconduct, such as bullying, racist behavior, and sexual harassment, as strictly as other regulatory offenses.
As part of their efforts to boost diversity and inclusion (D&I) in the workplace, the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) released a consultation document on Sept. 25 to assert nonfinancial misconduct poses a clear risk to financial firms’ governance and culture, as well as their ability to attract and retain key people.
The regulators believe unhealthy workplaces hamper efforts to improve D&I, reduce groupthink, and unlock talent because people will stay away from or leave the profession. They want firms to consider lack of D&I as a nonfinancial risk.
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News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
2023-10-11T18:57:00Z By Kyle Brasseur
Insolvent credit broker London Capital & Finance dodged a “substantial financial penalty” from the U.K. Financial Conduct Authority regarding promotions it used to market minibonds to investors.
2023-10-04T18:45:00Z By Jeff Dale
Pay among women general counsel outpaced men in 2022 for only the second time since 2018, according to the latest compensation benchmarking report from corporate leadership data provider Equilar.
2023-07-07T19:14:00Z By Amii Barnard-Bahn
Compliance Week’s inaugural Women in Compliance Summit featured two days dedicated to elevating attendees and addressing some of the unique challenges women face in the profession.
2024-07-02T19:43:00Z By Aaron Nicodemus
The U.S. Supreme Court extended the statute of limitations for businesses attempting to challenge some federal regulations, allowing regulated entities a longer timeline to appeal a decision.
2024-06-28T19:55:00Z By Aaron Nicodemus
The Supreme Court of the United States overturned a long-held precedent in which courts deferred to federal agencies in interpreting complex or ambiguous regulations–a decision that could make thousands of federal regulations more vulnerable to legal challenges.
2024-06-28T17:00:00Z By Aaron Nicodemus
Financial institutions would be required to conduct more thorough risk assessments on their anti-money laundering/countering the financing of terrorism programs under a new rule proposed by the Treasury Department’s Financial Crimes Enforcement Network.
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