Star’s Top 10 Compliance Blogs of 2023
With 2024 now well underway, we take a look back at ten of our most popular blogs from 2023. From regulatory developments to getting the most out of the STAR platform, find out what grabbed our readers’ attention – and catch up on some of the topics you might have missed the first time around.
10. CONSUMER DUTY: WHY INDIVIDUAL ACCOUNTABILITY AND TRAINING & COMPETENCY SOLUTIONS MATTER
In the UK, the Financial Conduct Authority (FCA) is looking to bring higher and clearer standards of consumer protection in retail financial services through its Consumer Duty Act, which will see Consumer Duty applied to up to 51,000 financial firms regulated by the FCA.
Read the full blog here.
9. TOP 10 FEATURES EVERY COMPLIANCE PLATFORM SHOULD HAVE
StarCompliance has been developing compliance software for more than 20 years. Our applications are used by hundreds of thousands employees at enterprise institutions around the globe. We’ve seen up close and personal a vast array of in-house and vendor compliance systems, and migrated many over to the STAR Platform.
Read the full blog here.
8. PERSONAL ACCOUNT DEALING POLICY AND COMPLIANCE
Employees trading inappropriately on their own are not only in violation of the law but can also cause firms serious reputational damage. In this piece, we outline what the Financial Conduct Authority has to say about PAD, and what your firm can do about it.
Read the full blog here.
7. SHADOW TRADING: HOW TO MONITOR FOR THIS NEW COMPLIANCE RISK
What is shadow trading, and what can compliance teams do about it? Star’s Head of Business Development and veteran compliance officer Steve Brown recommends firms take these precautionary steps to minimize risk.
Read the full blog here.
6. WHY BROKER FEEDS ARE SUCH A COMPLIANCE GAME CHANGER
Increased speed. Increased ease. Increased accuracy. Decreased risk. This week we go in-depth on broker feeds—and all the benefits they bring—with Star’s broker-feeds specialist, Pippa Hainey, as our guide.
Read the full blog here.
5. PAY-TO-PLAY COMPLIANCE REQUIREMENTS [RULE 206(4)-5]
The Advisers Act Rule 206(4)-5 isn’t breaking news, but it is serious enough to warrant a refresher. Here, we’ll review what Rule 206(4)-5 is, why it matters, and how you can ensure your own compliance.
Read the full blog here.
4. FINRA GIFT RULES AND MONITORING
Gift-giving and entertaining create the potential for misuse or abuse and those who overstep those limits risk incurring heavy fines, regulatory sanctions, and damage to their own or their organization’s reputation.
Read the full blog here.
3. WHAT IS A CONTROL ROOM AND WHY IS IT MORE IMPORTANT THAN EVER?
Compliance control room officers’ duties have expanded over time. Should your firm level up its control room game with compliance automation software?
Read the full blog here.
2. COMPLIANCE LEADERS: WHAT TO DO IN YOUR FIRST 90 DAYS
The first three months on the job are critical in so many ways. STAR offers priorities that compliance officers should take for those critical first three months as a team leader. This blog is a guide to getting them right.
Read the full blog here.
1. COMPLIANCE CONTROL ROOM: WHAT IS IT AND WHO NEEDS IT?
One of Africa’s biggest banks needs it, and soon enough so may you. In this most popular blog of the year, we discuss the Compliance Control Room, what is it, how firms are using it today, and why you may need it.
Read the full blog here.
