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The New UK Financial Services Regulatory Architecture
The New UK Financial Services Regulatory Architecture
The New UK Financial Services Regulatory Architecture

A Freshfields Bruckhaus Deringer Briefing

The UK Financial Services Bill was published on 27 January 2012. It is the latest stage in the development of the proposed new UK regulatory architecture. The FSA will cease to exist in its current form. The Bank of England will be responsible for the regulation of systemic infrastructure. A new Financial Policy Committee of the Bank will be responsible for macro-prudential oversight of the financial system as a whole. A new subsidiary of the Bank, the Prudential Regulation Authority, will be responsible for ensuring the safety and soundness of deposit-takers and some other systemically important firms. A new Financial Conduct Authority will be responsible for regulation of firms conduct. [Reproduced with kind permission from Freshfields Bruckhaus Deringer]

Military-Owned Businesses: Corruption & Risk Reform
Military-Owned Businesses: Corruption & Risk Reform
Military-Owned Businesses: Corruption & Risk Reform

Transparency International UK

At a time of economic crisis, governments are much less ready to accept the waste that comes with corruption. One of the areas of corruption risk is commercial businesses that are owned by the military. This is a surprisingly common phenomenon and is open to a wide range of potential abuses. This report is focused on a few very different countries with extensive military-owned businesses, China, Turkey, Pakistan and Indonesia, and looked at national efforts of reform. In addition, they have looked at one of the major areas of abuse - exploitation of natural resource assets by the military in oil, mineral, forestry, agriculture, fisheries and land. The paper looks at the operations of some military- owned businesses, and the success or otherwise of some of the reform efforts that have been initiated. It looks particularly into the interaction between these businesses and the natural resource and extractive industries.

Corporate Ethics; The Chips are Down

The economic and social turmoil of the last few years has changed the corporate landscape. Tightening regulations and scrutiny of company practices has increased exponentially. Underlying all of the changes and at the core of the regulatory revolution lies the fundamental principles of business practice, and the more you look at it, the more it seems to condense down to one basic concept: ethics.

The Python That Isn't There; Credit Cards & Terrorist Financing

Although terrorist financing and money laundering are often bunched together there remains core differences between the two activities.  Where money laundering seeks to conceal the source of the funds terrorist financing seeks to conceal the destination of the funds.  As Ed Wilson, former acting-general counsel of the US Department of the Treasury once said about the distinction between the two activities ‘in one you’re trying to find the bulge moving through the python, in the other you’re trying to understand why the python isn’t there.’

Unweaving the Anti Money Laundering and Counter Terrorist Financing System

Dr Dionysios S Demetis at Gresham College

Despite the onslaught of legislative initiatives surrounding AML/CTF, it is difficult to make any conclusive remarks on the effectiveness of the broader system that attempts to control money laundering and terrorist financing. Based on his new book on 'Technology and Anti-Money Laundering', the speaker, Dr Dionysios S Demetis, will unravel much of the complexity surrounding AML and offer practical advice for financial institutions. The transcript and downloadable versions of the lecture are available from the Gresham College website: http://www.gresham.ac.uk/lectures-and-events/unweaving-the-anti-money-laundering-and-counter-terrorist-financing-system

Terrorist Financing; Follow the Money

Lessons Learned UK

This video explores terrorist financing and the defence of the financial system; it explores typologies and examples; Al Qaeda and the 9/11 attacks; the LTTE; Hawala & more.

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