Corporate Risk Solutions

Half of FSA fines now for weak risk management systems

Corporate Risk Solutions, Internal Audit, Outsourcing, Project Management, Risk Management | March 29, 2012

Half of FSA fines for weak risk management

Weak risk management systems were responsible for more than half of all the fines handed out by the Financial Services Authority (FSA) to financial services businesses last year, reveals research by the Chartered Institute of Internal Auditors.

FATCA – What needs to be done

Aileen Barry, Tax Director with DLA Piper, will explore the intricacies of the US draft regulations and IRS further guidance as they affect businesses in Guernsey. The briefing will cover discretionary trusts, employee benefit trusts, will trusts and estates, pension schemes, charities, bonds and life policies. It will: Explore the options of being: Owner documented…

A Reason to Outsource?

Whilst financial services businesses consider it a necessity to seek external professional advice when dealing with legal matters such as drafting contracts, surprisingly this is not always the case with issues such as regulatory compliance. Many smaller firms struggle through and ultimately fail to meet the expectations of stakeholders and regulatory authorities, which in itself can be a…

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Half of FSA fines for weak risk management

FATCA – What needs to be done

A Reason to Outsource?