New Training Programme
New Training Courses
Risk Audit has launched its new training programme consisting of a number of one day in-person courses in the heart of the City of London and webinars.
In-Person Courses
The Audit of Culture – Tuesday 6th February 2025
Quality in Financial Services Internal Auditing – Thursday 27th February 2025
Webinars
Regulatory Update for Internal Auditors – Monday 3rd March 2025
All of these programmes and many many more are available on a bespoke in-house basis if you are interested.
Fed Boss Steps Down
Michael Barr, the Fed’s vice-chair for supervision, will step down as the most senior regulator responsible for supervising banks in the US. He has decided to avoid a spat with President-Elect Trump. He will however remain as a governor until his term ends in 2032 meaning Trump will need to choose from existing governors for Barr’s successor. Trump will be looking for someone who believes in relaxing rules. Barr has faced criticism for trying to finalise Basel 3’s capital rules and introducing new stress test arrangements. Michelle Bowman is in the driving seat.
FCA Failed to Comply with FOI
An internal review has concluded that the Financial Conduct Authority failed to comply with the Freedom of Information Act. In 18 cases examined in 2020, in all but one case the regulator delayed responding to the request. The FCA inappropriately used an exemption to delay the response beyond 20 days whilst it worked out how to block a request. Time for regime change?
City Minister Self Refers
Tulip Siddiqui, the UK’s City minister, has referred herself to the government’s adviser on ministerial standards. The matter refers to her holdings and interest in property following links with Bangladesh’s former discredited administration.