In the tenth, and last, episode of season 3 of the Compliance Clarified podcast Susannah Hammond is joined by Mike Cowan her co-author on the report Fintech, regtech and the role of compliance in 2022. The subtitle of the report is “challenges arising from technological opportunities” which gives a sense of the findings. It is clear that digital transformation has been a fundamental enabler for financial services firms particularly in navigating the pandemic. Indeed, it is hard to underestimate ...
Dec 07, 2021•33 min
In the ninth episode of season 3 of the Compliance Clarified podcast Susannah Hammond is joined by Lindsey Rogerson and Henry Engler to revisit ESG – that is environmental, social and corporate governance with a particular focus on the ‘G’ – governance together with the ramifications for financial services firms coming out of COP26. For the last couple of weeks practically every headline has been about COP26 and the agreements reached or indeed not reached. Those agreements and the governance el...
Nov 30, 2021•39 min
In the eighth episode of season 3 of the Compliance Clarified podcast Susannah Hammond is joined by Todd Ehret to take another look at cryptos. In a wide-ranging discussion, we update on both developments in the U.S. and the evolving picture for Central Bank Digital Currencies together with a debate as to whether or not all things crypto are actually regulatable. Or is that mission impossible? As mentioned in the podcast, here are some additional resources: INSIGHT: Coinbase proposal for U.S. cr...
Nov 23, 2021•41 min
n the seventh episode of season 3 of the Compliance Clarified podcast Susannah Hammond is joined by Rachel Wolcott and Mike Cowan to consider operational resilience with a particular focus on the supply chain, outsourcing and third parties. The discussion will cover the latest regulatory developments, the timeline to a raft of new reporting obligations and the need for compliance functions to be, and stay, involved in all things operational resilience. As discussed in the podcast here are some a...
Nov 16, 2021•42 min
In the sixth of season 3 of the Compliance Clarified podcast Susannah Hammond is joined by Rachel Wolcott to assess the persistence of market abuse, not just as a result of hybrid working but as a continuing supervisory focus. This episode takes a look at where we are now, discusses recent cases and gives an insight into what compliance officers need to consider in the continuing battle against market abuse and manipulation. As discussed in the podcast here are some additional resources: Insider...
Nov 09, 2021•41 min
In the fifth episode of season 3 of the Compliance Clarified podcast Susannah Hammond is joined by Rachel Wolcott and Todd Ehret to discuss the continuing regulatory dilemma surrounding all things cryptos, crypto firms themselves and the potential direction of regulatory travel. Special report: Cryptos on the rise https://www.thomsonreuters.com.sg/en/resources/cryptos-on-the-rise.html US crypto framework starts to take shape https://www.thomsonreuters.com/en-us/posts/investigation-fraud-and-risk...
Nov 02, 2021•49 min
In the fourth episode of season 3 of the Compliance Clarified podcast Susannah Hammond is joined by Rachel Wolcott and Todd Ehret to take a look at the developing issues and what good is beginning to look like for the evolving management of personal accountability. Not only are accountability regimes proliferating around the world but also firms and their compliance officers need to also consider an increasingly wide range of non-financial misconduct when assessing whether or not individuals are...
Oct 26, 2021•48 min
In the third episode of season 3 of the Compliance Clarified podcast Susannah Hammond is joined by Lindsey Rogerson, Helen Chan and Henry Engler to take a global look at the developing issues and what good is beginning to look like for managing ESG as a strategic priority. Virtually every industry is affected by the collective efforts of governments to tackle climate change, the effects of which have become all too stark in 2021 – those efforts have been collectively badged as ESG. In last week’...
Oct 19, 2021•42 min
In the second episode of season 3 of the Compliance Clarified podcast Susannah Hammond is joined by Lindsey Rogerson and Henry Engler to discuss the increasing importance of diversity issues for financial services firms. Diversity, in and of itself, is an important issue but it has risen up regulatory agenda as it come under the umbrella of ESG issues which are fast becoming a strategic priority for firms and regulators alike. Alongside the headline grabbing need to tackle climate change, questi...
Oct 12, 2021•38 min
In the first episode of season 3 of the Compliance Clarified podcast Susannah Hammond is joined by Helen Chan and Brett Wolf to discuss the shifting sands around sanctions. Sanctions screening, sanctions compliance and evidencing compliance with the patchwork quilt of under and overlapping requirements has never been easy, but it has got a whole lot more challenging in the wake of the Taliban take-over of Afghanistan and the emerging use of sanctions against a crypto exchange deemed to be a cond...
Oct 05, 2021•31 min
In the final episode of the second series of Compliance Clarified, Mike Cowan and Lindsey Rogerson joins Susannah Hammond to discuss the growth of personal accountability regimes. In the wake of the 2008 global financial crisis lawmakers in countries from the UK to Singapore viewed personal accountability regimes as a way to hold individuals responsible for any future financial failures. But are they delivering? Regulators in the UK certainly say they are and responsibility maps and personal acc...
Jul 27, 2021•34 min
In the ninth episode of series 2 of the Compliance Clarified podcast Susannah Hammond is joined by Lindsey Rogerson to discuss the growing need for technology skills in financial services firms. Technological innovation and digital transformation are changing the face of financial services and meeting the challenges of technological innovation needs the appropriate skills. As discussed in the podcast here are some additional resources: ABI's Make Flexible Work campaign https://www.abi.org.uk/abo...
Jul 20, 2021•28 min
In the eighth episode of the Compliance Clarified podcast Susannah Hammond is joined by Mike Cowan, Lindsey Rogerson and Rachel Walcott to discuss where we are now on culture in financial services. The wide-ranging discussion covers cultural indicators, the challenges around trying to change culture and has practical takeaways for compliance officers. As discussed in the podcast here are some additional resources: Harvard Business Review summary of Kyle Welch and Stephen Stubben research into ‘s...
Jul 13, 2021•53 min
In the seventh episode of the Compliance Clarified podcast Susannah Hammond is joined by Kevin Batteh of the Delta Strategy Group and Todd Ehret to discuss the potential of cryptos to make payments and transfers more efficient. The speed and reach of transactions, however, together with the potential for anonymous activity and for transactions without financial intermediaries, also make crypto-assets vulnerable to misuse and raise the risk of money laundering. Policymakers, regulators and firms ...
Jul 06, 2021•31 min
In the sixth episode of the Compliance Clarified podcast Susannah Hammond is joined by Mike Cowan and Rachel Wolcott to discuss the increasing prominence of data governance. Data governance covers an exceedingly wide range of issues and is coming to the fore now as firms and regulators alike are moving away from spreadsheets and seeking to automate. Post pandemic the focus on automation and digital transformation is only going to increase. And with increasing automation comes new and potentially...
Jun 29, 2021•41 min
In the fifth episode of the Compliance Clarified podcast Susannah Hammond is joined by Helen Chan and Todd Ehret to discuss the wide-ranging implications for financial services firms and their compliance officers arising from antitrust issues. Antitrust rules and requirements around the world are all aimed at preventing anti-competitive behaviour and possible abuse of a dominant market position. Cases in Asia, the U.S. and Europe are all highlighted alongside other aspects including data, its us...
Jun 22, 2021•34 min
In the fourth episode of the Compliance Clarified podcast Susannah Hammond, Brett Wolf and Nathan Lynch discuss the evolving impact of financial crime on financial services firms and their compliance officers. The wide-ranging conversation ranges from the changing stance on sanctions coming from the U.S. to the recent actions of the global AML-standard setting Financial Action Task Force which has vowed to continue to crack down on opaque transactions tied to cryptocurrencies such as bitcoin. Ra...
Jun 15, 2021•41 min
In the third episode of the Compliance Clarified podcast Susannah Hammond and Lindsey Rogerson discuss all things remuneration and what compliance officers around the world need to consider. The regulatory focus on remuneration, compensation and critically the design of bonuses goes back to the financial crisis and it’s a measure of how crucial good bonus design is seen to be that the very first thing the Financial Stability Board did in the wake of the financial crisis was to implement supranat...
Jun 08, 2021•29 min
In the second episode of the second series of Compliance Clarified Susannah Hammond and Mike Cowan discuss the findings of the 12th annual cost of compliance report - https://legal.thomsonreuters.com/en/insights/reports/the-cost-of-compliance-2021 The Thomson Reuters Regulatory Intelligence annual cost of compliance report is the trusted and acknowledged voice of risk and compliance practitioners around the world and the 2021 report looks at shaping the future set against a backdrop of widesprea...
Jun 01, 2021•35 min
Welcome to the first episode of series 2 of Thomson Reuters Regulatory Intelligence’s Compliance Clarified podcast. For the second series we have an overarching theme of threats and particularly external ones – so there will be a recurring focus assessing what compliance functions need to consider which could impact their firm and the required good customer outcomes. In this episode Susannah Hammond is joined by Mike Cowan and Rachel Wolcott to discuss operational resilience, specifically operat...
May 25, 2021•50 min
In this last episode of the current season of the Compliance Clarified podcast series, Susannah Hammond, Lindsey Rogerson and Rachel Wolcott discuss all things Brexit. Specifically, what the future interaction and relationship between the UK and the EU might look like and what that may mean for financial services firms and their compliance officers. The "Rachel" Lindsey refers to in this episode is Rachel Kent, Head of Financial Services Regulation at Hogan Lovells. Below are the links mentioned...
Mar 30, 2021•45 min
In this episode of the Compliance Clarified podcast series, Susannah Hammond and Mike Cowan of Thomson Reuters Regulatory Intelligence discuss the Regtech governance lifecycle special report which explores what good governance looks like when applied to the implementation and embedding of regtech applications. Regtech: the governance lifecycle report can be found here - https://legal.thomsonreuters.com/en/insights/reports/regtech-the-governance-lifecycle A TV slot with Susannah Hammond discussin...
Mar 23, 2021•24 min
Episode 10 of Compliance Clarified takes a look at the findings of Dame Elizabeth Gloster’s report into the failure of London Capital & Finance plc and its ramifications for the UK Financial Conduct Authority. With Susannah Hammond to discuss the Gloster report, the Treasury Select Committee hearings and the likely future of the UK FCA are Lindsey Rogerson and Rachel Wolcott. Related articles by Rachel: FCA leadership's post-Gloster clampdown plans, prevention data stay as aspirations for no...
Mar 16, 2021•38 min
Episode 9 examines climate risk and specifically the implications of the Sustainable Finance Disclosure Regulation or SFDR which comes into effect on March 10, 2021. With Susannah Hammond to discuss the myriad implications climate risk has for financial services firms are Mike Cowan, senior regulatory intelligence expert for TRRI and Lindsey Rogerson, senior editor, risk at TRRI. Click on the below articles by Lindsey to learn more about some of the themes discussed: Interview with Lise Kingo, t...
Mar 09, 2021•33 min
In this episode of the Compliance Clarified podcast series, Susannah Hammond and Todd Ehret of Thomson Reuters Regulatory Intelligence discuss the likely impact of not only the change in administration in the U.S. but also the GameStop volatility. In a wide ranging discussion, the potential practical ramifications of the proposed changes in personnel at the top of major regulatory bodies are considered together with the renewed political focus on investor protection, payment for order flows and ...
Mar 02, 2021•39 min
In this episode of the Compliance Clarified podcast series, Susannah Hammond, Niall Coburn and Helen Chan of Thomson Reuters Regulatory Intelligence discuss China and the challenges of digital transformation. Digital transformation is happening at pace in China with the rise of dominant technology providers and the provision of services which will expand and diversify the landscape of the financial services sector. The special report on China and digital transformation in both English and Mandar...
Feb 23, 2021•31 min
In this episode of the Compliance Clarified podcast series, Susannah Hammond and Mike Cowan of Thomson Reuters Regulatory Intelligence discuss five key risks for financial services firms in 2021 and highlight the continuing need for risk and compliance functions to be front and centre to enable their firms to thrive into the medium term. The expert talk on five key risks for firms in 2021 can be found here - https://legal.thomsonreuters.com/en/insights/reports/five-key-risks-for-firms-in-2021 Yo...
Feb 16, 2021•37 min
In this episode of the Compliance Clarified podcast series, Susannah Hammond is joined by Rachel Wolcott, chief UK European correspondent, and Lindsey Rogerson, senior editor for Thomson Reuters Regulatory Intelligence, to discuss some of the emerging global topics for compliance practitioners in financial services firms today. Topics discussed include Brexit, approach to environmental, social and governance (ESG), personal accountability, operational resilience and technology, as well as the ch...
Feb 09, 2021•51 min
In this episode of the Compliance Clarified podcast series, Susannah Hammond and Mike Cowan of Thomson Reuters Regulatory Intelligence continue the discussion on the ten things compliance officers of financial services firms need to consider in 2021 regardless of geography or sector. The expert talk on ten things compliance officers need to do in 2021 can be found here – https://legal.thomsonreuters.com/en/insights/reports/10-things-compliance-officers-need-to-consider-in-2021 You can download t...
Feb 04, 2021•29 min
In this episode of the Compliance Clarified podcast series, Susannah Hammond and Mike Cowan of Thomson Reuters Regulatory Intelligence discuss the first five of the ten things compliance officers of financial services firms need to consider in 2021 regardless of geography or sector. The expert talk on ten things compliance officers need to do in 2021 can be found here – https://legal.thomsonreuters.com/en/insights/reports/10-things-compliance-officers-need-to-consider-in-2021 You can download th...
Feb 02, 2021•32 min
