Ruth Prickett

3 days ago | complianceweek.com | Ruth Prickett

Up to 25,000 people a year in the U.K. are illegally promoting financial products or offering financial advice on social media, but none have yet appeared in court, according to the first Treasury Select Committee meeting on the subject of so-called “finfluencers.” Regulated financial services firms must comply with strict guidelines when they promote their products on social media and may be put at risk by unauthorised finfluencers.

2 weeks ago | complianceweek.com | Ruth Prickett

Financial Planning Corporation (FPC) is a regulated financial planning firm founded 40 years ago, gaining coveted Chartered status in 2008. As the U.K. financial regulator, the FCA promises to clamp down on unregulated “finfluencers” on social media. Moira O’Shaughnessy, managing partner and head of risk and compliance at FPC, explains why her firm takes a deliberately cautious approach to social media communications.

3 weeks ago | complianceweek.com | Ruth Prickett

Cyberattacks on major UK retailers, including Marks & Spencer, Harrods and Co-op, left the companies scrambling to reassure customers and staff about stolen data, pushing issues of cybersecurity and cyber resilience back into the national debate. Now the question is whether compliance managers should expect more technology regulations, or will legislators focus on corporate governance, internal controls and resilience.

3 weeks ago | complianceweek.com | Ruth Prickett

Cyberattacks on major UK retailers, including Marks & Spencer, Harrods and Co-op, forcing them to take down websites, suspend online sales and scramble to reassure customers and staff about stolen data, have pushed issues of cybersecurity and cyber resilience back into the national debate. Now the question is whether compliance managers should expect more technology regulations, or will legislators focus on corporate governance, internal controls and resilience.

4 weeks ago | complianceweek.com | Ruth Prickett

Secure, resilient communications and trading platforms are critical both to financial services firms and to governments that know their economies depend upon them, says Corinna Mitchell, General Counsel at FS digital communications provider Symphony. That’s why her company is investing more in managing rapidly evolving compliance demands from multiple regulators across international borders.