Compliance officers perform a vital, yet unpopular role in the business worldas they advise on complying with myriad rules and regulations. What is good for compliance is sometimes seen as being bad for business, making a complianceofficer's role a difficult one. Essential Strategies for Financial Services Compliance offers practical guidance on how to apply a regulatory requirement to day to day situations. It also shows how to communicate the compliance department's activities to the rest of the firm, how the role fits within the organization as a whole, what the scope and limitation of their responsibilities are, what to do when things go wrong, and how to deal with unusual problems. INDICE: Contents Preface (or How Not to be an Execution Officer) Acknowledgements List of Abbreviations PART I: COMMENTARYAND CONTEXT 1 The UK Regulatory Environment 1.1 Different regulatory regimes in the UK 1.2 The FSMA regime for investment business 1.3 The UK's anti-money-laundering regime 1.4 The UK's takeover regime 2 The Compliance Function 2.1 Compliance as a concept 2.2 The Compliance Officer 2.3 Compliance: good and bad 2.4 The argument for Compliance 2.5 Compliance as a profession 3 The Compliance Contract 3.1 The Compliance Mission Statement 3.2 The Compliance Charter 4 Mapping Your Compliance Universe 5 Mapping Your Corporate Universe 5.1 Operating entities 5.2 Business units 5.3 External Service Providers 6 Regulators and Other Industry Bodies 6.1 Exchanges 6.2 Clearing houses 7 The Legislative Environment and Rules Mapping 7.1 Rules mapping 7.2 Detailed rules mapping for your own firm 7.3 Mapping requirement for an overseas jurisdiction 8 Financial Products, Services and Documentation 8.1 Products and services 8.2 Understanding products and services in context 8.3 Documentation 9 Compliance Outside the Compliance Department 9.1 The Front office 9.2 The Back office and other support functions 10 Key Compliance Department Activities 10.1 Routine activities 10.2 Off Piste Compliance: advisory work 10.3 Compliance conundrums 11 Comply or Die - When Things go Wrong 11.1 Someone's watching you 11.2 The FSA has 'hot buttons' 11.3 What the FSA cando to find out more 11.4 What to do if you are being investigated or are subject to disciplinary action 11.5 Consequences of rule breaches and other regulatory misdemeanours APPENDICES A Routine Compliance Activities B Routine Anti-Money-Laundering Activities C Compliance in the Front Office D Compliance for Senior Management, the Back Office and Other Support Departments E Compliance Conundrums - What Would You Do? PART II: INFORMATIVE EXAMPLES Box 1: Acting on Principle Box 2: ARROW Box 3: Basel II and CRD Box 4: Extradition Box 5: Financial Services Action Plan Box 6: Going Global? Box 7: Industry Guidance Box 8:LandG v. the FSA - Who are the real winners and losers? Box 9: Markets in Financial Instruments Directive
- ISBN: 978-0-470-51904-2
- Editorial: John Wiley & Sons
- Encuadernacion: Cartoné
- Páginas: 328
- Fecha Publicación: 01/08/2008
- Nº Volúmenes: 1
- Idioma: Inglés