In the wake of the U.S. financial deregulation we investigate the historical aspects of deregulation versus a regulated Financial Services industry and preparedness during the transitionary period before new legislative enactment.
Challenges in Financial Crime are felt across the whole industry as statistics show that it costs the world economy $2.1 trillion - add to that Cyber Security breaches and the costs increase significantly.
Recent issues raised in the media demonstrate how vulnerable Financial Services organisations have become. They're not just vulnerable to security threats and fraud, but to the media itself. There is nothing more satisfying for a newspaper Editor to report the 'scandalous behaviour' of banks that 'allow…
The NCA stated there were 2.46 million ‘cyber incidents’ last year, including 700,000 frauds, however, the true scale of criminality is likely to be far bigger because of what it calls "a serious problem" of under-reporting.
Most people are thrust into a position of leadership from a high competence in a managerial or functional role. At that stage there is limited support as to how the role has changed and often it has still some managerial and functional components that new leaders often keep hanging on to.