Essential Strategies for Financial Services Compliance, 2nd Edition

A fully updated edition of the definitive guide to financial regulation

In recent years, not only has the compliance field become firmly established, but it has seen staggering growth, thanks to never-ending changes in the regulatory environment. As regulation increases still further, the demand for clear guidance on navigating daily compliance issues is greater than ever. Now in its second edition, the highly successful Essential Strategies for Financial Services Compliance has been updated with the latest compliance strategies and regulatory information, making it indispensable for compliance officers, legal firms, and anyone else working with the financial services compliance function.

Non-compliance represents a significant material risk for any financial services firm that fails to understand and appropriately apply regulatory standards. This Second Edition of Essential Strategies for Financial Services Compliance makes it easy to digest complex information on the regulatory framework. But this book is far from solely theoretical. A balanced approach means that both the concepts and their application are within reach. Annie Mills and Peter Haines deliver solid advice that can be applied on a day-to-day basis to manage any compliance issues that may arise. Read this book to:

• Understand the conceptual basis of compliance and the current regulatory environment applicable to the financial services industry
• Quickly and thoroughly learn the accepted best practices for everyday compliance
• Get up to date information on the current financial regulatory environment with this new edition
• Reference detailed advice as issues arise in day-to-day operations

This update to the popular first edition of Essential Strategies for Financial Services Compliance will help eliminate non-compliance risk and ensure that your firm is entirely current on its ability to navigate the maze of financial services regulation.

Table of Contents

Part One: Commentary and Context
Chapter 1: The UK Regulatory Environment
Chapter 2: The Compliance Function
Chapter 3: The Compliance Contract
Chapter 4: Mapping Your Compliance Universe
Chapter 5: Mapping Your Corporate Universe
Chapter 6: Regulators and Other Industry Bodies
Chapter 7: The Legislative Environment and Rules Mapping
Chapter 8: Financial Products, Services and Documentation
Chapter 9: Compliance Outside the Compliance Department
Chapter 10: Key Compliance Department Activities
Chapter 11: Comply or Die – When Things go Wrong
Appendix A: Routine Compliance Activities
Appendix B: Routine Anti-Money Laundering Activities
Appendix C: Compliance in the Front Office
Appendix D: Compliance for Senior Management, the Back Office and Other Support Departments
Appendix E: Compliance Conundrums – What Would You Do?

Part Two: Compliance Perspectives
Box 1: Acting on Principle
Box 2: Arrow
Box 3: Basel III and CRD IV
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 Were 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 Regulators
Box 13: The Laundering Process
Box 14: Treating Customers Fairly