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ECCTA Fraud Risk Analysis - Approach Considerations

Conducting a robust fraud risk analysis requires managers to define an appropriate scope, develop a comprehensive understanding of resources, business processes, and activities, estimate the likelihood and impact of risks using an appropriate risk matrix, and align existing controls with identified fraud risk factors. Ultimately, this enables an evaluation of the effectiveness of existing controls to support regulatory compliance.

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Jakes de Kock

Jakes de Kock
Jakes is FourthLine's Marketing Director. He specialises in omni-channel, tech-enabled inbound marketing strategies to drive business growth within the b2b sector.

Recent Posts

PRA reveal their six priorities for UK deposit takers in 2021

As calendars are prepared to be turned over to 2021, the PRA have set out their priorities for the upcoming year for UK deposit takers in a letter to CEOs. Whilst there are no real surprises given ...

Topics: Investment & Asset Management, Insurance Sector

December 15, 2020
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Understanding the drivers for Barclays’ £26 million fine for treatment of customers in financial difficulty

On Tuesday 15 December, the Financial Conduct Authority (FCA) published their Final Notice on regulatory action that resulted in a £26m fine for Barclays.

Topics: Insurance Sector, Retail Finance

December 15, 2020
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FCA releases new Prudential Regime for Investment Firms (IFPR) consultation paper

On 14 December 2020, the Financial Conduct Authority (FCA) published its first of three Consultation Papers on the new UK Prudential Regime for Investment Firms (UK IFPR).

Topics: Investment & Asset Management

December 15, 2020
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COVID-19 and the additional uplifted FCA prudential requirements for PSR & EMR firms

On the 9 July, the Financial Conduct Authority (FCA) published its Finalised Guidance around safeguarding customers’ funds for payment and e-money firms. Particularly relevant in this were the ... December 2, 2020
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D&I | The business of social purpose

On Thursday, 26th November Jonathan Davidson, The FCA's Executive Director of Supervision - Retail and Authorisations, highlighted the challenges around D&I and Climate Change in his speech on ... November 27, 2020
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The Investment Firms Prudential Regime – areas to consider when getting started

Yesterday morning the Financial Conduct Authority (FCA) confirmed that, considering the scale of regulatory reform due in 2021, the UK’s Investment Firms Prudential Regime (IFPR) will now be ...

Topics: Investment & Asset Management, Insurance Sector

November 17, 2020
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What are the PRA’s perspectives on interactions between OCIR and Operational Resilience?

Following the Prudential Regulation Authority’s (PRA) publication last week of a series of four Consultation Papers concerning Bank Resolution and Operational Continuity in Resolution (OCIR), some of ...

Topics: Insurance Sector

November 4, 2020
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FCA Director sets out expectations of firms around mortgage forbearance

Speaking as he introduced the Mortgage Forbearance Webinars, which are being used to help firms prepare for the next phase of supporting mortgage customers through the pandemic, Jonathan Davidson ... October 29, 2020
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