What Makes A Competent Financial Services Internal Auditor?
This is a question I am frequently asked. What is clear is that many financial services institutions have either not identified the answer to this question nor taken meaningful steps…
Conduct Risk Management – The Essential Ingredients
What are the essential ingredients of a framework designed to ensure that a financial services institution manages its conduct risks appropriately. First of all one needs to clearly define what…
The Need for Lateral Thinking Processes
As risk managers and internal auditors are our thought processes and working practices suited to the challenges we face? We are employed to spot the next big disaster around the…
Cyber Heist of the Century
A very small part of me has always been slightly attracted to the notion of Robin Hood robbing the rich to feed the poor. For that reason, I find a…
THE NEW INDIVIDUAL ACCOUNTABILITY REGIME
Monday 7th March 2016 is an important date in the evolution of financial services regulation in the UK. This is the date that sees the launch of the new individual…
The Longest Journey In Banking
My travels this year have led me to the conclusion that the longest and most difficult journey in banking is about 10 inches! That is the average length between a…
Coming Home From Oz
As I prepare to set off home from Melbourne a few reflections on my flying visit to Australia. From a professional perspective, it is clear that there is a major…
Dear New Head of the FCA
I thought it would be useful for me to drop you a line before you embark on your new challenge. Many of my readers accuse me of being soft on…
A Few Rotten Apples
It’s the time of year when I am supposed to write something inspirational. As I pushed my trolley around a superstore run by a company with accounting challenges I was…
Three Lines of Defence – The Debate
The Three Lines of Defence (3 LOD) was introduced in the mid 1990’s to provide a framework within which responsibility and accountability for risk could be assigned. Since inception it…