WebJul 27, 2024 · The FCA is consulting on proposals to introduce climate-related financial disclosure rules and guidance for asset managers, life insurers and FCA-regulated pension providers. It is intended that the disclosures will be aligned with the recommendations of the Financial Stability Board's Task Force on Climate-related Financial Disclosures (TCFD). WebOn 6 May 2024, the FCA updated its webpage regarding outsourcing and operational resilience. The FCA has added to the bottom of the webpage a new section entitled ‘Who the EBA outsourcing guidelines apply to’. The FCA notified the European Banking Authority ( EBA) that it would comply with the EBA guidelines on outsourcing which also ...
FCA focus: outsourcing and CASS Simmons & Simmons
WebEY (Ford Rhodes) Alumni, 28+ years PQE, Accounts, Audit, Corporate, Outsourcing & Remote CFO, Corporate Governance Specialist, Insolvency Expert, NGO, Official Liquidator & Investigations ... WebMay 30, 2024 · The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have fined R. Raphael & Sons plc (“Raphaels”) for failing to manage its outsourcing arrangements properly between April 2014 and December 2016. Raphaels has received separate fines of £775,100 from the FCA and £1,112,152 from the PRA in respect of … breaking tech tips
Regulators Get Tough on Regulatory Outsourcing Failings
Weboutsourcing contract should oblige the outsourcing service provider to protect confidential information. 1. Any outsourcing arrangement should be based on a clear written contract. 2. An outsourcing institution should make sure that the written contract takes account of the following (bearing in mind other specific national rules and legislation): WebMay 27, 2024 · The CBI proposals in brief. The draft CBI guidance is relevant to all regulated firms operating in Ireland that outsource services and/or functions – including banks and building societies, payment service providers, insurers and investment firms. The draft guidance largely follows the approach taken by the European Banking Authority … WebGlossary Terms. common platform outsourcing rules. material outsourcing. cost of inreach service