Intro -- Essential Strategies for Financial Services Compliance -- Contents -- Acknowledgements -- List of Abbreviations -- Preface (Or, How Not to be an Execution Officer) -- Foreword -- PART I COMMENTARY AND CONTEXT -- 1 The UK Regulatory Environment -- 1.1 Regulation in the UK -- 1.2 Different regulatory regimes in the UK -- 1.3 The FSMA regime for investment business -- 1.4 The UK's anti-money laundering regime -- 1.5 The UK's takeover regime -- 1.6 Other UK regulatory regimes -- 2 The Compliance Function -- 2.1 Compliance as a concept -- 2.1.1 What is Compliance? -- 2.1.2 Who is responsible for Compliance? -- 2.1.3 Different Compliance models -- 2.2 The Compliance Officer -- 2.2.1 Key responsibilities of the Compliance Officer -- 2.2.2 What are the characteristics of a good Compliance Officer? -- 2.3 Compliance: good and bad -- 2.3.1 What are the characteristics of a good Compliance regime? -- 2.3.2 What are the characteristics of a bad Compliance regime? -- 2.3.3 Danger signals -- 2.4 The argument for Compliance -- 2.4.1 What are the benefits of Compliance, regulation and the Compliance Officer? -- 2.4.2 What are the costs of Compliance? -- 2.5 Compliance as a profession -- 3 The Compliance Contract -- 3.1 The Compliance Mission Statement -- 3.2 The Compliance Charter -- 3.2.1 Contents of a 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 Rules mapping 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 -- 10.2.1 Understanding what it is all about -- 10.2.2 What are the regulatory implications? -- 10.2.3 Your plan of attack -- 10.3 Compliance conundrums -- 10.4 Dealing with a lack of cooperation -- 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 can do 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 COMPLIANCE PERSPECTIVES -- 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: L&G v. the FSA - Who are the real winners and losers? -- Box 9: Markets in Financial Instruments Directive -- Box 10: Money Laundering Statistics -- Box 11: Prudential Regulation of Capital Adequacy -- Box 12: The Enforcement Process - Getting on the wrong side of the FSA -- Box 13: The Lamfalussy Process -- Box 14: The Laundering Process -- Box 15: Treating Customers Fairly -- Index.

Compliance officers perform a vital, yet unpopular role in the business world as they advise on complying with myriad rules and regulations. What is good for compliance is sometimes seen as being bad for business, making a compliance officer'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.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2018. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.