Wolters Kluwer Launches Conduct Risk Governance for FCA-regulated Firms

Wolters Kluwer Financial Services has launched a logics conduct risk governance solution for UK firms governed by the new watchdog the Financial Conduct Authority (FCA), one of two new UK regulators that took over from the Financial Services Authority from 1 April.

The company said that the solution will enable firms to manage their entire conduct risk programme, helping to ensure they remain compliant, efficient and transparent to internal stakeholders, regulators and shareholders. Wolters Kluwer has integrated its conduct risk governance solution within its ARC Logics’ enterprise risk management (ERM) solution suite.

At a recent briefing hosted by the company, Pater Tyler, director of retail at the British Bankers Association (BBA) commented: The FCA has made it clear that it will closely scrutinise the values and ethics of financial institutions (FIs), with the best interests of consumers at the forefront of its actions. It expects FIs to be able to demonstrate clear oversight of its conduct risk and regulatory obligations at any given time.

“Therefore it is essential that FIs react to the restructuring of the UK regulator as an opportunity to instil a positive culture to compliance throughout its business.”

Richard Pike, senior market manager at Wolters Kluwer Financial Services, added: “The new regime requires senior managers to be more closely involved in the firm’s treatment of culture and controls, across its entire business.”


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