Bovill Newgate

In our recent webinar, Ben Arram and Stuart Geddes explored the value of DORA's information-sharing framework. They also highlighted how Ocorian is joining the voluntary scheme, enabling firms to collaborate by sharing threat intelligence to benefit the industry and clients. #DORA #RiskManagement

As firms finalise preparations for the DORA requirements, Ben Arram asks Stuart Geddes to summarise the components of an effective ICT risk management framework. Proportionality emerges as a key consideration for firms. #DORA #ICTRiskRegister #RiskManagement

The FCA’s Market Watch 81 highlights ongoing issues with incomplete and inaccurate transaction reports, reminding firms there’s still plenty of work to be done. In this article, Linh Nguyen and Eoghan Hartigan outline key areas where firms should focus their efforts, including: 📋 Reviewing transaction reporting governance arrangements 🔄 Revisiting recent change management programs 🧪 Testing reporting logic 🔒 Ensuring previous issues remain resolved Read the full article to learn more: https://lnkd.in/eMbr-Zkr

🇬🇧 Looking back on November, our UK newsletter reflects on key developments in the regulatory landscape. From Rachel Reeves' inaugural Mansion House speech as chancellor to the FCA’s findings on rising misconduct allegations, there’s plenty to unpack about the evolving expectations for firms. We also explore the Financial Ombudsman Service’s latest complaints data and what it means for strengthening your policies and procedure, and tips from our recent webinars on staying compliant. Check it out below!

A cohesive three lines of defence (3LOD) approach to governance is essential, especially in today’s challenging economic climate. However, 65% of firms surveyed report having faced governance-related fines or sanctions in the past two years, highlighting weaknesses in their defence frameworks. Our three-part report series explores how 3LOD principles can enhance compliance, governance, and AML strategies, helping businesses navigate risks effectively. Download the full report to learn more: https://lnkd.in/eCDnaVE8 #3LOD #Compliance #RiskManagement #CorporateGovernance

Fraud prevention just got a lot more serious for UK businesses 🚨 With the new "failure to prevent fraud" legislation introduced under the Economic Crime and Corporate Transparency Act 2023, companies have until 1 September 2025 to get their houses in order. Nick Barratt and Adunni B. offer practical advice on ensuring your existing procedures meet the regulator's requirements. From fostering a top-level commitment to implementing effective risk assessment and training, these steps can help safeguard your organisation from fines, reputational damage, and more: https://lnkd.in/e6ngHuFb #FraudPrevention #UKBusinesses #EconomicCrimeAct2023 #CorporateTransparency

🇺🇸 Stay ahead in a changing US regulatory landscape with the November edition of our US newsletter. As the financial world anticipates the shifts of a Trump second term, we explore the risks, opportunities, and strategies businesses need to thrive. Hear from Jason Gerlis on navigating this dynamic market, and meet Portia Amato, our new U.S. Practice Lead, who shares her expert advice on adapting to regulatory changes. Plus, we spotlight the importance of leveraging your annual reviews to reinforce a culture of compliance. Check it out below!

Building a strong culture of compliance is crucial for long-term success, and your annual review plays a pivotal role in achieving it 🔎🧾 In our latest article, Portia Amato unpacks why the annual review is a crucial milestone for setting the right tone and embedding effective practices in your organisation, helping your entire team better understand, manage, and reduce risks: https://lnkd.in/drmGkB_e #ComplianceCulture #AnnualReviewSuccess #RiskIdentification

We're proud to announce that Rebecca Thorpe will be part of the panel at FT Live's webinar in partnership with Fireblocks. Joining industry leaders Konstantinos Adamos, CAMS, Nikou Asgari, Jason P. Allegrante, and Denzel W., Rebecca will provide insights into how MiCA and DORA are reshaping the digital finance landscape. Key discussion points include: 1. How companies can prepare for MiCA and DORA implementation 2. Business opportunities for stablecoins and tokenised funds 3. What these regulations mean for non-EU companies operating in Europe 4. Adapting custody and security practices to meet compliance standards 5. Evaluating third-party providers for regulatory alignment 6. The long-term global impact on digital market growth ✨ Don’t miss this essential conversation about the future of digital finance. Register now: https://lnkd.in/dgHKuBf9 #DigitalFinance #CryptoCompliance

Last week, we had the pleasure of hosting the final CASS roundtable of 2024. It was fantastic to see such strong attendance, with CASS specialists from across the sector coming together to discuss key topics, including: 📢 Recent FCA updates 🤝 Outsourcing practices ⚙️ Live testing strategies A special thank you to Eoghan Hartigan, Chloé Arnold-Martin (ACA BFP), and Marianne Phillips for expertly guiding the discussions and to our engaged guests for their invaluable contributions and insights. These roundtables are a great reminder of how collaboration drives progress in our sector, and we’re proud to see this series close on such a high note. Here's to more engaging conversations in 2025!