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…
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…
One Massive Lost Opportunity
This week has been hugely defining for me and everything I stand for in my professional life. For the last seven years readers may have noticed that I have been…
Tesco – The Cultural Perspective
I feel compelled to venture outside the financial services sector and reflect on Tesco’s announcement that it has overstated half year figures to the tune of £ 250 million. The…