ACA Spotlight Blog

ACA Spotlight Blog

Compliance, risk, and technology insights and alerts

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ACA's experienced compliance, risk, and technology professionals regularly provide insights on industry news, trends, and best practices. Our blog now consolidates all ACA compliance alerts, thought leadership articles, white papers, cybersecurity alerts, and results from ACA surveys to help you find the information you need more quickly and easily. 

For ACA compliance alerts prior to March 2019, see our News Archive.

UK Financial Conduct Authority Releases Cybersecurity Insights
Compliance Alert - FCA
March 15, 2019

On March 8, the UK Financial Conduct Authority (FCA) released the publication Cyber security – industry insights. The document compiles insights derived from multiple industry Cyber Coordination Groups (CCGs) run by the FCA since 2017, focused on the theme of improving cybersecurity practices within financial sectors.

The Impact of Fee Compression on Risk Management
Thought Leadership
March 13, 2019

The bank and non-bank asset management industry is struggling with fee compression which has sparked a series of layoffs that you may have read about in recent news.

 FCA Spot Checks on AML and Sanctions Controls
Compliance Alert - FCA
March 6, 2019

Press coverage this week picked up a story about the Financial Conduct Authority (“FCA”) warning UK hedge fund managers of imminent spot checks on their financial crime controls.

Investment Firm Regulation Update
Compliance Alert
March 5, 2019

The new prudential framework has been developed by the European Commission (EC) and will soon come into force for MiFID investment firms. For some, this will be the first time any onerous capital, liquidity and reporting regime has applied to them. The ‘prudential holiday’ that many commodity trading firms have enjoyed will soon be coming to an end.

Update Coming to the Three Lines of Defense Model
Thought Leadership
February 27, 2019

The Three Lines of Defense Model has gained popularity as the de facto model for organizing governance, risk management and internal control roles and responsibilities since the Institute of Internal Auditors (IIA) published “The Three Lines of Defense in Effective Risk Management and Control,” position paper in 2013. The IIA recently announced that they would embark on a key project to refresh and update this document.

Senior Managers & Certification Regime: 6 major challenges for firms
Thought Leadership
February 27, 2019

Sam.Reid@acacomplianceeurope.comAs firms look to address the FCA’s Senior Managers and Certification Regime (“SM&CR”), ahead of the December 9 deadline, we observe six common themes and challenges emerging from their project implementation.

ACA Spring Conference 2019 Miami
Thought Leadership
February 22, 2019

ACA’s Spring 2019 Compliance and Performance Conference is headed to sunny Miami!

Thought Leadership
February 21, 2019

Firms that claim compliance with the GIPS standards are required to notify CFA Institute of their claim of compliance. Each GIPS-compliant firm must submit the GIPS Compliance Notification Form by June 30 of each year.

    Survey
    February 19, 2019

    Tax season is a prime time for identify theft. Find out how you can avoid common tax scams.

    UK Self-Assessment: post-submission challenges
    Thought Leadership
    February 14, 2019

    The 2017/18 UK tax return deadline has now passed, but did you know there are a range of post-submission challenges that may impact you - some of which you may not be aware of? These include, Disappearing Payments on Account, Delays in Processing Amended Tax Returns, Ongoing Class 2 National Insurance Problems and Scams. Our personal tax specialist, Paul Webster, provides guidance on how to address these challenges.

    Technology and AML
    Thought Leadership
    February 13, 2019

    Analytical segmentation modeling (ASM) is one way to design an effective AML monitoring strategy through the development of a quality model to achieve segmentation. ASM involves combining customer or bank accounts with similar properties and transaction behavior to make it easy for banks to formulate risk signals based on their various classes of customers. This model sets threshold levels for the segments monitored by identifying patterns based on the groups of similar customers and/or accounts.

    6 ways to stay head of regulators with RegTech
    Thought Leadership
    February 6, 2019

    Regulators globally continue to invest in developing their technological capabilities to quickly and efficiently manage data, and they expect investment firms to do the same. In this blog post, ACA's Burt Esrig and Michael Lehman discuss what you need to know and how regulatory technology solutions can help.