Expert Advice & Interim Resources

The Regulator recommends that consumer credit firms have appropriate compliance expertise. Not only does this help firms to put the right regulatory safeguards in place but also supports them through periods of regulatory intensity. The FCA will take a dim view of breaches that have resulted from a failure to employ the right skills.

To ensure compliance, firms need to ensure that they have the capability and the capacity to manage regulation; and keep up with change. A firm’s compliance resource will depend on the nature, scale and complexity of its business. For smaller firms it may be more practical to outsource through a specialist provider as required. Larger and more complex firms will have greater demands and are likely to need a full-time compliance function. Firms who rely on a low level of non-specialist knowledge, or who fail to dedicate sufficient resources to managing regulation, are unlikely to achieve satisfactory standards.

Whatever your business looks like, CCAS has the capability and experience to fulfil your needs for compliance expertise and resources. We can act as your retained expert, calling on us when you need to for advice, training or to support you with FCA reporting and liaison. We can also offer a recruitment service for appointing permanent compliance managers and for resourcing larger interim teams should you need to carry one-off projects.

To find out how we can help you with compliance expertise and resources, get in touch with us today by clicking the button below.


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Articles

FCA Guidance on Vulnerable Customers

FCA has now issued GC19/03; draft guidance consultation on vulnerable customers. GC19/03 will be subject to a two-stage consultation process the first of which finishes on 4th October. The draft guidance is relevant to all regulated firms dealing with retail customers. Retail customers are those who are acting outside of their trade, business or profession. …

August 2, 2019 at 10:38 am

Can Gabriel be made better?

On 16/07/2019 the FCA published the news that they’re planning to replace Gabriel. Gabriel is the regulators main data collection system. It facilitates the collection of over 500,000 submissions annually, across 120,000 users and 52,000 firms. Many users will welcome the news. Since it’s introduction in 2008 the system has been plagued with a series of …

July 17, 2019 at 3:02 pm

Why engagement matters for compliance training

Mention “compliance training” to anyone in business and you’ll probably get a roll of the eyes and a deep sigh. And if there’s any suggestion of having to undertake the said training there may even be a feeling of unease. Compliance training has a pretty bad reputation. Traditionally compliance training has been poorly delivered. So …

July 9, 2019 at 3:03 pm

FCA to hold webinar to help firms implement new regime

The Financial Conduct Authority recently issued a reminder to firms about the Senior Managers and Certification Regime (SM&CR). In this reminder the regulator has recommended that firms should now be preparing for 9th December 2019, when the new regime comes into effect. In support of firms’ planning for SM&CR the FCA are holding a webinar …

May 24, 2019 at 9:16 am