Welcome to GRIP, Global Relay’s new digital information service on practical compliance and regulatory change.
Please enjoy this free trial of our subscription content service, for a limited time only.
FCA Principle 2
-
Citi incurs £61.6m in fines for lack of effective trading controls
Deficiencies compounded human error and led to the accidental execution of $1.4 billion of erroneous orders.
-
Key takeaways from the TSB case
Operational resilience was the focal point, but there are other issues to consider.
-
TSB fined $59m (£48.65m) due to operational risk management and governance failures
Regulators found that TSB failed to adequately organize and control a 2018 IT migration programme.