Compliance Insights Articles

The European Banking Authority (EBA) Outsourcing Guidelines come into force on 30 September 2019. The revised guidelines, which replace the 2006 Committee of European Banking Supervisors Guidelines on Outsourcing, set out specific requirements for all financial institutions within the EBA’s remit, including banks, building societies, designated investment firms, IFPRU investment firms and credit institutions when they outsource functions to a service provider. The Guidelines

The FCA’S 2019/20 business plan sets out upcoming regulatory changes over the next 10 months, as well as giving an indication of what is likely to be upcoming in 2020/21. In this article, we’ll take a look at the major upcoming changes as well as highlighting areas that the Regulator is assessing and monitoring for potential future changes. Cross sector priorities Brexit The FCA’s focus in late 2019 will remain the supporting of a smooth transition post-Brexit, with the main

2018 promises to be a bumper year for compliance. I can hear what you are thinking, you’ll be muttering, “Isn’t it always?” Seriously, this year promises to be more important than any since 2014 when the FCA took over regulation of consumer credit. We’ll start the year with elements of MiFid coming into force along with the Payment Services Directive. At the same time we’ll be feverishly working on becoming GDPR compliant in order to meet the May implementation date and to av