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In this issue: Risk and compliance – a view into the future
ISSUE 27 | 2015
In this issue of Thomson Reuters Informer we explore options for future-proofing including building flexibility into technology systems and investing in activities such as trade organizations and lobbying to ensure your voice is heard as these decisions are made. We also look into the future use of chat rooms and instant messaging programs in the financial services industry.
New rules, approved in April 2015 by the U.S. Securities and Exchange Commission, for Financial Industry Regulatory Authority (FINRA) registered firms require adapted supervisory policies and procedures.
The use of automated technology in the Financial sector, particularly bilateral chats, can strengthen collective capabilities and renew trust in the industry.
Senior executives and boards – as well as regulators – need to explore the interaction of behaviors with the traditional suite of governance, risk and compliance (GRC) concepts when taking key strategic decisions.
For the past few decades the pace of attaining gender equality in corporate boardrooms has been slow. However, the European Commission (EC) proposals to enforce gender balance on company boards could see matters speed up significantly.
Enhancing transparency within financially beneficial corporate relationships sheds light on hidden corporate crimes.
Also in this issue
“Future-proofing” regulatory change frees up IT resources to improve and innovate business activities rather than simply keeping the firm compliant.
Risk identification and mapping considerations for global corporations include considering social issues and the buying practices and partnerships that support them.
Using the regulated financial systems as an instrument to help the fight against human trafficking presents a unique catalyst in addressing this global issue.
During the first half of 2015, Canada’s Royal Canadian Mounted Police (RCMP) continued to employ the stronger enforcement measures and stiffer penalties secured with the 2013 amendments to Canada’s Corruption of Foreign Public Officials Act (CFPOA).
The Cooperative Capital Markets Regulatory System (CCMR) will bring about significant change in how domestic and foreign firms alike interpret regulatory compliance obligations.
Neil Jeans, head of Policy & Standards, Org ID at Thomson Reuters, answers some critical questions about the implications of the latest Financial Action Task Force (FATF) Recommendations for corporates.
DMA providers are being held responsible for the trades of their clients and must ensure that they have the appropriate systems an controls in place to identify and prevent layering and spoofing.