Shows
Following the RulesMark Watson, SVB’s former management governance head, on the crisis policymakers, regulators, and financial institutions are sleepwalking into and how to avoid itToday’s guest outlines where governments and financial regulators are going wrong in their supervision of the sector.
He details where he sees potentially systemic risks mounting and he explains what banks, financial institutions and their supervisors can do now to prevent a significant blow-up from occurring on their watch.
Mark Watson is a governance and risk expert whose three-decade career includes stints advising financial institutions on governance and non-financial risks on behalf of consulting giants McKinsey and EY. In 2022, he joined Silicon Valley Bank, to lead a redesign of its management decision-making as its he...2025-07-2230 minFollowing the RulesFMSB CEO Myles McGuinness on his plans to help the City tackle non-financial misconduct, and bolstering the standard setters' future in an increasingly polarised worldToday’s guest explains why global standards for financial conduct could help counter the risk of rising regulatory fragmentation - providing, as he puts it, “the glue to hold diverging rule books together.”
He outlines how a robust governance framework could help financial institutions better tackle toxic workplace behaviour. He explains why he believes a central repository for authenticated data may be key to fighting AI-generated fakes.
And he opens up about the Financial Markets Standards Board’s ambitions to expand its global footprint and its membership.
Myles McGuinness’s 30-year career includes two decade...2025-07-0833 min
The Lucy Ann Lance ShowSarah McNulty ~ Ruth's Chris Steak House - SACCJune 25, 2025 ~ Lucy Ann Lance talks with Sarah NcNulty, Assistant General Manager at Ruth's Chris Steak House for this week's Saline Area Chamber of Commerce Report. This iconic steak house in downtown Ann Arbor is rolling out its new summer menu, big tomahawks?, crab, shrimp? They have it all at Ruth's Chris Steak House.2025-06-2513 minFollowing the RulesJillien Flores of the Managed Funds Association on how rulemakers can best rethink overly-onerous regulations for alternative asset managers, and the "misguided" policies they should avoidToday’s guest calls on regulators and policymakers to stop seeking to regulate alternative asset managers like they’re banks.
She details how policymakers can best rethink the regulatory framework for the non-bank sector to benefit not only alternative asset managers but also the financial sector more broadly.
And she explains how a push to harmonise the rulebooks between competing financial hub could also help with a broader push to bolster jurisdictional competitiveness.
Jillien Flores is a regulatory affairs specialist whose 17-year career includes seven years at government relations firm Porterfield, Lowenthal, Fettig & Sear...2025-06-2432 minFollowing the RulesEdwin Schooling Latter, ex-FCA regulator now Mizuho's UK compliance head, on the reforms that could unlock "big savings" and the lessons we missed from recent failures of major financial institutionsToday’s guest pinpoints the “very technical” but overly complex regulatory requirements underpinning financial markets that he believes regulators could rethink to generate “big savings” for both themselves and the market participants they oversee.
He discusses the lessons he would like to see industry players take on board and the changes he believes policymakers should consider in their efforts to prevent a repeat of recent high-profile failures including the collapse of Swiss lender Credit Suisse and family office Archegos.
And he should know. Because Edwin Schooling Latter’s career not only includes just over a decade overs...2025-06-1041 minFollowing the RulesESMA chair Verena Ross on her to-do list for 2025, simplifying the EU financial rulebook, and life at the helm of the watchdogToday’s guest discusses the European Securities and Markets Authority’s to-do list for 2025, and she explains the regulator’s priorities as it responds to an EU-wide effort to simplify the bloc’s rulebook.
She outlines ESMA’s expectations of market participants subject to its landmark reforms on digital operational resilience and crypto-assets and she details how she plans to make sure both regimes are implemented in as effective a way as possible.
She also opens up about life at the helm of the EU watchdog, her strategies for navigating “difficult market periods” and plenty more besides.2025-05-2744 minFollowing the RulesCapstone's Mathew Gilbert on navigating Trump 2.0, and the regulatory changes needed to drive "tangible" growth in the UK and EUToday’s guest outlines how he expects financial services regulators in the UK and European Union to react to President Trump’s increasingly erratic policymaking.
He details the regulatory changes he believes are needed to ensure the UK government achieves its growth mission and he highlights what Brussels must get right if the EU is serious about remaining globally competitive.
He also explains why it is imperative that governments — from London to Washington — pay close attention to the quiet storm building in global bond markets.
Mathew Gilbert brings two decades of experience to this con...2025-05-0627 minFollowing the RulesGovernance expert Vera Cherepanova on why ethics and compliance professionals need a more influential voice in the boardroom, and the obstacles standing in their wayToday’s guest is on a mission to bring ethics and compliance to the top table.
She explains why ethics and compliance professionals should be given a seat in the boardroom and what’s stopping them from getting there.
She also discusses how businesses and their compliance executives can best navigate today’s increasingly fragmented regulatory environment, and she shares practical steps boards can take to embrace ESG and DEI principles amidst ongoing backlash without getting caught in the crossfire.
Vera Cherepanova has spent two decades working in audit, compliance, and eth...2025-04-2226 min
Empowered Artist Collective Podcast - for actors, singers, dancers, writers, creators and performers111. Artistic Director Mini-Series: Leading a Theater with Lisa McNultyWhat does it mean to be an Artistic Director, especially in today’s ever-evolving theater landscape? In this kickoff episode of our Artistic Director Mini-Series, Jennifer sits down with Lisa McNulty, Producing Artistic Director of WP Theater—the oldest and largest theater in the country dedicated to work by women+ artists. Lisa shares her journey, the lessons she’s learned from working at top institutions, and the complexities of running a mission-driven organization in these challenging times. Together they discuss WP’s various programs and she offers invaluable insights on building meaningful relationships with institutions, getting your work seen as an em...2025-04-0857 minFollowing the RulesTP ICAP's Nik Bunney on rethinking surveillance at the world’s largest interdealer broker and what the City needs from the FCA on non-financial misconductToday’s guest explains how the world’s largest interdealer brokers is rethinking its approach to surveillance.
He outlines the benefits of adopting a more behaviourally led methodology to monitor financial services workers’ conduct, which he says provides a more holistic view of workplace culture when run alongside traditional surveillance.
He details the common mistakes finance bosses should avoid when seeking to measure workplace conduct and culture. And he discusses what guidance the Financial Conduct Authority must provide the market to ensure its efforts to more closely track City worker’s non-financial misconduct are truly effective...2025-04-0832 minFollowing the RulesMelissa Gallagher, JP Morgan's EMEA head of compliance, on future-proofing the back office amidst technological and regulatory changeToday’s guest outlines how the compliance function, and those working within it, can best navigate today’s rapidly changing technological and regulatory environment.
She discusses the industry's response to increasing regulatory scrutiny around surveillance as well as on bankers’ non-financial misconduct.
And she explains why in amongst all the change it is critical that compliance officers do not to lose sight of the “foundational building blocks” of their role.
Melissa Gallagher has spent 30 years working in various compliance roles most recently at large US banks in London. With a background...2025-03-2536 minFollowing the RulesAlan Houmann, Citigroup's former government affairs head in Emea, on navigating rising populism and what not to do in response to "disturbing" government policiesToday’s guest outlines how he expects the rightward shift in global politics, from Trump’s resurgence to Europe’s own populist movements, is likely to reshape financial services regulation in the UK and EU.
He discusses how bank lobbyists and policymakers can navigate these shifting tides, why the industry’s “disturbing” response to the US ban on federal diversity and inclusion programmes must serve as a wake-up call, and how he believes UK and EU policymakers can best drive growth in this era of rising political uncertainty.
And he should know. Because Alan Houmann’...2025-03-1129 minFollowing the RulesLondon Stock Exchange CEO Julia Hoggett on the changes needed to boost the City and its capital marketsToday’s guest outlines why she believes the government’s efforts to boost the UK’s economic growth are more likely to succeed if they include a fundamental shift in how the City talks about its capital markets and a rethink of how the City’s regulators are incentivised to support the growth mission.
She also discusses the remaining regulatory steps needed to encourage more retail and domestic participation in London’s capital markets, and ultimately give the UK’s equity capital markets a long-anticipated boost.
Julia Hoggett’s career includes several senior roles at some of the w...2025-02-2547 minFollowing the RulesSpecial episode: Smarsh's Kim Crawford Goodman and CallCabinet's Ryan Kahan on the regulatory trends set to shape communications surveillance in 2025Today’s episode is a special one produced in association with Smarsh, a global technology firm providing financial services companies of all sizes around the world with the tools to capture, store, and monitor their communications.
Today’s guests discuss the regulatory priorities they believe will have the greatest influence on financial institutions’ communications surveillance programmes in 2025 and beyond.
They detail the common mistakes finance bosses must avoid when seeking to respond to these increasing regulatory demands.
And they outline how the vast volumes of communications data currently being gathered by financial...2025-02-1132 minFollowing the RulesFCA CEO Nikhil Rathi on his to-do list for 2025, the regulator's future, and life at the helm of the City watchdogToday’s guest discusses the Financial Conduct Authority’s to-do list for 2025 and outlines what City firms should and should not expect from the regulator as it seeks to prioritise growth and competitiveness in the coming months.
He details the challenges commensurate with this new approach that he would like lawmakers to be more aware of.
He also opens up about life at the helm of the City watchdog, his strategies for copying with the “intense public scrutiny” that has dominated his tenure as CEO of the FCA, and plenty more in between.
Nikhil Rathi’s 23-year c...2025-01-2850 min
Movie Deputy REVIEWSDespicable Me 2 (2013)Gru is back, so is everyone else. There are some new faces and other entertain features. If you're a fan of the minions, you'll leave smiling.
Orignal Review:
We find Gru no longer the villain but a father and has been acclimating to his new family life for a while. But as we know in life things change. He’s approached by the AVL (The Anti-Villain League) to help find a villain who has stolen a top-secret formula that turns any living thing into a monster of sorts. Along with the minions, He sets off wit...2025-01-2306 minFollowing the RulesIA's Chris Cummings calls on lawmakers and regulators to agree a 'common vision' with the investment management sector and outlines the rules that must be cut in the drive to boost UK growthToday’s guest calls on the government and City regulators to agree a “common vision” with the investment management industry to better enable those working in the sector to generate long-term growth in the UK.
He details the areas where he believes the Financial Conduct Authority “still needs to demonstrate that they have completely understood” the government’s drive to make the UK a more attractive investment destination.
He also explains why he supports calls to get rid of what he sees as unnecessary red tape introduced under the Senior Managers and Certification regime, and...2025-01-1442 minFollowing the RulesBehavioural risk experts Dr. Wieke Scholten and David Grosse outline where the banking sector and its regulators are going wrong in their approach to managing their cultural concernsToday’s guests explain where they believe banks and their regulators are going wrong in their efforts to “fix” the sector’s cultural issues.
They detail how lawmakers, financial bosses and their supervisors can best ensure that ongoing and increasing efforts to loosen rules governing behaviour in the industry don’t lead to a repeat of previous banking crises.
And they outline why they believe it is critical that the industry and all its stakeholders take steps now to better understand “the complex behavioural landscape” in which they operate.
Dr. Wieke Scholten is a social an...2024-12-1035 minFollowing the RulesUK Finance's David Postings on what should follow the government's drive to bolster the City's growth and competitiveness, and why it's time for Meta to step up its efforts to combat fraudToday’s guest discusses how finance executives and their regulators can best support the government’s efforts to drive growth and competitiveness in the UK’s financial services sector.
With that in mind, he outlines why he believes it is important to debate whether the Financial Conduct Authority has taken the right approach in its recent efforts to better protect UK consumers.
And he calls out tech giant Meta for “not doing enough” to stem the volume of fraud taking place on its platforms.
David Postings’ 40-year career in financial services includ...2024-11-2628 minFollowing the RulesSpecial episode: Smarsh's Shaun Hurst and Paul Taylor on the mistakes finance bosses are making in their efforts to better track non-financial misconduct within their workforce, and how to avoid themToday’s episode is a special one produced in association with Smarsh, a global technology firm providing global financial services companies with the tools to capture, store, and monitor their communications.
Today’s guests discuss how organisations are responding to increasing regulatory pressure to improve their awareness of any non-financial misconduct occurring within their workforce.
They outline the major challenges arising from this requirement to monitor for such indicators of toxic culture, and they explain how artificial intelligence tools can best be used to address these issues.
Shaun Hurst previously manag...2024-11-1224 minFollowing the RulesNatixis' Britt Johnston and portfolio NED Tina Mavraki on the common mistakes finance bosses make when addressing conduct failings, and how regulators can stop cultural 'window dressing'Today’s guests outline where financial institutions are going wrong in their efforts to address their cultural shortcomings.
They discuss the practical steps that those managing finance workers can take to meaningfully improve the culture within their organisations and they outline how regulators could best support their efforts.
They also explain how such changes, and the cultural improvements deriving from them, can ultimately add value to the businesses embracing them.
Britt Johnston’s 30-year career includes 26 years in various senior roles on bank trading floors. In 2020, she took on responsibility for the UK cond...2024-10-2935 minFollowing the RulesFormer Standard Chartered global surveillance chief Emily Wright on banks' surveillance blind spots and how best to monitor themToday’s guest outlines how she expects regulators to push financial institutions to keep better track of their employees’ behaviour.
She discusses how finance firms should be modernising their staff surveillance programmes in response to this regulatory focus and explains how those tasked with monitoring finance workers’ behaviour can best encourage their bosses to spend the money required to ensure such changes are successful.
She also details what skills those working in financial institutions’ surveillance functions must develop to stay relevant amidst this growing pressure to innovate.
And she should know. Because Emily Wright’s...2024-10-1534 minFollowing the RulesSpecial episode: Smarsh's Brandon Carl on the technology, regulatory challenges and industry trends shaping the future of communications surveillanceToday’s episode is a special one produced in association with Smarsh, a global technology firm providing financial services companies with the tools to capture, store, and monitor their communications.
Today’s guest discusses how financial institutions are changing their communications surveillance programmes in response to an increasing regulatory focus on this space.
He details how generative AI is transforming both communications surveillance technology and the role of the professionals tasked with using such tools.
He also outlines how finance bosses and compliance teams can develop best-in-class surveillance processes.
Brandon Carl is e...2024-10-0142 minFollowing the RulesConor Sewell, former Treasury advisor now Forefront Advisers director, outlines what City bosses and their regulators should expect under LabourToday’s guest discusses how he expects the Labour administration will prioritise a long list of pending financial services reforms inherited from the previous government.
He explains how such a reform programme could be interpreted to provide City bosses with the clarity they seek as to how the government will address perceived tensions between its planned pro-growth agenda and its commitments to better protect consumers.
And he outlines what upcoming and current pain points regulators and lawmakers must work to address now to avoid the risk of the UK falling behind.
Conor Sewell br...2024-09-1737 minFollowing the RulesPRA CEO Sam Woods on life at the helm of the UK's top finance regulator and his regulatory priorities for 2024 and beyondToday’s guest outlines what’s to come in a new package of tougher global capital requirements known as Basel 3.1. He explains how banks can best prepare for the reforms and discusses the prospects of a delay to their implementation in the UK.
He outlines how the Prudential Regulation Authority is responding to a new obligation to consider the impact of their activities on the UK’s growth and competitiveness.
He also opens up about life at the helm of the UK’s top finance regulator, his thoughts on what he’ll do once his tenure as...2024-09-0343 minFollowing the RulesFormer FCA CRO Gavin Stewart on the compliance risks that City watchdogs may have missed, and how UK regulation and regulatory operations should be improvedToday’s guest explains why the UK could be sleepwalking into a new compliance scandal, and he details where such a blow-up might originate.
He outlines how he believes financial services regulation could be improved – both by policymakers in government and the regulators themselves.
And he details what opportunities for financial services reforms he believes the new Labour government should prioritise in the months ahead.
Gavin Stewart’s career includes 13 years at the Bank of England, 10 years at the Financial Conduct Authority’s predecessor the Financial Services Authority and just under four years at the F...2024-07-2337 minFollowing the RulesSpecial episode: Symphony's Ben Chrnelich maps out the future challenges and trends in communications surveillanceToday’s episode is a special one produced in association with Symphony, a secure and compliant communications and technology platform built for financial markets & trading teams.
Today’s guest details how bosses at some of the world’s largest financial institutions are responding to increasing regulatory pressure to keep track of their employees’ communications across myriad messaging platforms.
He outlines how compliance professionals and their bosses should best navigate the rapid proliferation of AI tools within the financial services sector. And details how he expects communications surveillance compliance to develop in response to the challenges ahead in 20...2024-07-1629 min
Authors Over 50Writing the 21st Century's Defining Topics with Lucy WeldonLucy Weldon's InstagramLucy Weldon's FacebookLucy Weldon's TwitterLucy Weldon's LinkedInJulia Daily's WebsiteJulia Daily's Twitter Julia Daily's FacebookJulia Daily's Instagram Julia Daily's Linked In Julia Daily's Goodreads Authors Over 50 Podcast Links:Amazon MusicSpotifyApple PodcastsGoogle Podcasts - authors over 50 Thank you, Holly Shannon, Zero to Podcast coach and host of Culture Factor 2.0. https://hollyshannon.com and Sean McNulty, Sound Engineer.
2024-07-1142 minFollowing the RulesHanbury Strategy's Sander Schol on the likely future for the City and its regulators under a Labour government and how a new approach to UK-EU relations could benefit financial servicesWith just days to go until the UK goes to the polls, today’s guest outlines what City executives can expect from a Labour administration. He discusses how he expects the relationship between the new government and finance watchdogs to develop and why regulators may well see a new secondary objective land on their plate.
He also details how he believes relations between the UK and the European Union will change following elections in the bloc, and will change following elections in the bloc, in ways that could ultimately be beneficial to the financial services sector.
...2024-07-0227 minFollowing the RulesFederated Hermes' Saker Nusseibeh on the need for less political ambivalence towards the City, and how fund managers and regulators could rethink their approach to ESGToday’s guest calls on politicians on both sides of the UK’s political spectrum to reconsider their ambivalence towards the City and to do more to promote its achievements in the run up to next month’s election and beyond.
He outlines where fund managers and regulators may want to rethink their approach to investments within the environmental, social and governance space.
He also explains how finance workers can best navigate upcoming and increasing geopolitical volatility, and plenty more in between.
Saker Nusseibeh is Chief Executive of the London arm of Federated Hermes...2024-06-2537 minFollowing the RulesFormer FCA chair Charles Randell, Latham & Watkins' Mark Austin, QCA's Linda Main and Baroness Bowles on what lawmakers, regulators and City execs need to do to help London's capital markets thriveToday’s episode is a recording of a recent panel discussion at the annual conference for the Quoted Companies Alliance, which is an organisation that campaigns for the UK’s community of small and midsized publicly traded businesses and the firms that advise them.
I was invited to moderate a panel on what more our regulators can do to support capital markets for companies of all sizes and we discussed where regulators and policymakers have hit the right mark in their efforts to bolster London’s capital markets, where they have missed opportunities, how market participants themselves need to ste...2024-06-1141 minFollowing the RulesSchroders' Jamie Ovenden, Julius Baer's Sarah Gadd, Slaughter and May's Jan Putnis and Turing fellow Professor Carsten Maple on how the City and its watchdogs can responsibly harness GenAI's potentialToday’s episode is a little different to normal. It is a recording of a recent panel discussion from City Week’s AI in Financial Services Leaders Summit which took place in London last week.
I was invited to moderate a panel on the transformative potential of generative AI and we discussed interesting use cases for genAI in the financial services space, how boards and senior managers can best manage the risks relating to the new technology, how regulators could help market participants embrace the opportunities presented by GenAI responsibly and plenty more in between.
I ho...2024-05-2837 minFollowing the RulesFRC CEO Richard Moriarty on the highs and lows of his role and his plans to make the accounting watchdog "more strategic"Today’s guest outlines how he is shaping the Financial Reporting Council into a “more strategic” organisation focused on proportionate oversight of auditors, accountants and actuaries.
He explains what support he needs from lawmakers and industry as he navigates that task, alongside setting standards and codes in the public interest, and discusses the FRC’s changing regulatory priorities more broadly in the face of shifting political and market dynamics.
Richard Moriarty’s career spans three decades and includes stints as CEO of the UK’s Civil Aviation Authority and as partner at political ri...2024-05-0732 minFollowing the RulesLGIM's Sonja Laud on boosting London's IPO market, navigating Trump 2.0 and being 'the only woman in the room'Today’s episode has been produced in partnership with City Week, an annual agenda-setting international financial services forum which brings together more than 1,000 senior decision-makers from UK and overseas financial institutions for a comprehensive programme of cutting-edge presentations, panel discussions, social events and networking.
Today’s guest will be speaking at City Week on the growth prospects for sustainable finance and investment post-COP28. And it is in that context that she spoke with Following the Rules about how lawmakers and financial services executives can best support the global transition to a net zero economy. She also offers her v...2024-04-3036 minFollowing the RulesSpecial episode: Global Relay's Alex Viall on the compliance tool helping finance bosses to better police their employees' use of unmonitored communications channelsToday’s episode is a special one produced in association with Global Relay, a technology firm providing global financial services firms with the software to capture, store and monitor their employees’ communications.
Today’s guest discusses how financial institutions in the US and UK are responding to regulatory pressures to more closely track their employees’ communications, as well as to foster operational resilience and promote good conduct amongst their staff.
He explains why one particular compliance tool is proving especially effective in helping firms promote good behaviour amongst their workforce and outlines how some finance bosses a...2024-04-0937 minFollowing the RulesGovernment affairs guru Lisa Rabbe on what to expect from Trump 2.0, and how lawmakers and finance workers can best navigate 2024's mega election year and the AI technological revolutionToday’s guest discusses the policy and regulatory outlook for artificial intelligence in the US, UK and EU and outlines how policymakers, regulators and City bosses can best manage the risks arising from the financial industry’s increasing use of AI technology.
She details the policies that she would like politicians in the US and UK to prioritise ahead of elections in both jurisdictions.
She outlines how finance giants’ government affairs heads can best navigate these upcoming elections (and a potential return of President Trump).
And calls on politicians to avoid “political point scoring” i...2024-03-2642 minFollowing the RulesSpecial episode: Global Relay's Rob Mason outlines how finance bosses and their regulators are preparing for an expected clampdown on employees’ social media useToday’s episode is a special one produced in association with Global Relay, a technology firm providing global financial services firms with the software to capture, store and monitor their employees’ communications.
Today’s guest outlines how financial services companies and their regulators are preparing for an expected clampdown on employees’ social media use. He outlines how an increasing regulatory focus on City workers’ behaviour in and out of the day job is changing their bosses approach to capturing and monitoring their communications. And he details how firms are using new technology to address compliance pain points when deali...2024-03-0536 minFollowing the RulesHalsey Keetch's Alex Keetch outlines how finance bosses and those running their control functions can best navigate opportunities and challenges in today's job marketToday’s guest outlines how finance bosses can best support those running their risk, audit, and compliance functions to avoid serious disruptions in future.
He cautions that without such investment in their governance, regulatory and controls functions, financial institutions risk inducing regulatory fatigue and provoking “flight risk” amongst valued senior staff.
He also details how he believes senior risk, audit and compliance professionals should navigate today’s job market and changing work environment, and plenty more besides.
Alex Keetch is Managing Director at Halsey Keetch, an executive search firm that specialises in placing senior l...2024-02-2740 minFollowing the RulesSpecial episode: Global Relay's Jennie Clarke on the surveillance blind spots that could lead to compliance blow-ups at global finance firmsToday’s episode is a special one produced in association with Global Relay, a technology firm providing global financial services firms with the software to capture, store and monitor their employees’ communications.
Today’s guest highlights the surveillance blind spots that pose “massive” compliance risks to large sections of the financial services industry. She explains why an aggressive clampdown on bankers’ WhatsApp use, as seen in the US, is unlikely to be copied by UK watchdogs. And she details how a regulatory crackdown on City workers’ behaviour outside of the day job is influencing their bosses approach to capturing a...2024-02-1325 minFollowing the RulesSpecial episode: Smarsh’s Shaun Hurst on the compliance challenges ahead for those monitoring finance employees’ communicationsToday’s episode is a special one produced in association with Smarsh, a global technology firm providing regulated organisations of all sizes with cloud-native digital communications capture, retention, and oversight solutions to help them identify regulatory and reputational risks within their communications data before those risks become fines or headlines.
Today’s guest details what he believes will be this year’s most pressing challenges for compliance professionals tasked with monitoring their employees’ communications.
As part of that, he offers guidance to compliance teams navigating the rapid proliferation of AI tools within the financial services sector, a...2024-01-2328 minFollowing the RulesTracey McDermott, former FCA boss and Standard Chartered's compliance chief, on UK regulators' diversity and inclusion push and how AI is changing the role of complianceToday’s guest discusses UK regulators’ recent proposals to foster diversity and inclusion in the City, including the aspects of the measures she would like to see given more consideration and the role finance bosses must play to ensure the initiative’s success.
She details how AI tools are being used to adapt the role of the compliance officers she manages and the skillset she believes will be required for future compliance officers to succeed.
She also shares her insight on how best to navigate guidance from the Financial Conduct Authority.
And she should...2024-01-1641 minFollowing the RulesPolitical lobbyist Jon McLeod on a Labour government’s regulatory priorities for financial services and the City reforms the current government should avoid.
Today’s guest outlines the three financial services reforms he expects the next government will prioritise. He details where he believes this government has gone wrong in its efforts to establish the UK as a thriving investment hub post-Brexit, and he explains what changes to the financial services sector he believes this government should avoid in order to keep the City as competitive as possible.
Jon McLeod has spent 26 years advising businesses and their bosses on political relations, corporate governance, and reputation management. His career includes stints as head of public affairs at lobbying group Bru...2023-12-0535 minFollowing the RulesCiti UK CEO Tiina Lee, Nationwide CEO Debbie Crosbie and Howden CAP’s executive chair Mary O’Connor outline how finance companies can best set, monitor and promote their purpose as an organisationToday’s episode is a little different to normal. It is a recording of a recent panel discussion from City & Financial Global’s ninth annual 'Culture and Conduct Forum for the Financial Services Industry'. I was invited to moderate a panel on moral capitalism and we discussed how financial services can best link their profits with their purpose, how the newest intake of graduates are influencing firms decisions as they define and promote their purpose internally and externally, the transition to net zero and plenty more in between. I hope you enjoy it.
2023-11-2833 min
The LowDOWN: A Down Syndrome PodcastShowcasing Inclusivity: The Making of ChickenOn the Season 8 finale of The LowDOWN: A Down Syndrome Podcast, Aaron Waddingham, Lucy McNulty, and Emma Pollard give us the lowdown on the making of their award winning film, Chicken. Support the showThe LowDOWN: A Down Syndrome Podcast is produced by the Down Syndrome Resource Foundation. Learn more and support the podcast at DSRF.org.Follow @DSRFCanada on Facebook, Instagram, and Twitter.Leave us a rating and review on Apple Podcasts.2023-11-1552 minFollowing the RulesStepChange’s Peter Tutton on the changes that UK lawmakers, regulators and finance bosses should implement to help the country better navigate the cost-of-living crisisToday’s guest outlines what UK lawmakers have missed in their efforts to address the fallout from the cost-of-living crisis. He details what policy changes the next government should prioritise to prevent long-term damage arising from the aftermath of the crisis. And he explains how the Financial Conduct Authority’s new consumer-focused rules should best be implemented to support financial services firms’ most vulnerable clients.
Peter Tutton has spent two decades advising on mortgage, credit and related consumer policy. Since 2012, he has lobbied for regulatory reforms to help consumers in financial difficulty as head of policy at StepCha...2023-11-0735 minFollowing the RulesJohn Howells, CEO of LINK, outlines how lawmakers and regulators can best prepare the UK for a move to a digital economyToday’s guest outlines how the UK can best prepare for a move to a cashless society. He calls on lawmakers to do more to guide those uncomfortable with that move through the transition to a digital economy and explains why any such digital inclusion programme must start with a clampdown on the UK’s “big” digital fraud problem.
John Howells is a former banker and consultant who has run the UK’s cash machine network since taking over as chief executive of cash machine provider LINK in 2012. In 2022, he also took on the role of Commissioner for the UK...2023-10-2433 minFollowing the RulesActivist Mark Bishop outlines why a more consumer-led approach to UK regulation would benefit financial services workersToday’s guest outlines why consumer advocacy should matter to those working in financial services and how those in the sector who agree can best get their voices heard.
He details what he would like to change about the UK markets watchdog the Financial Conduct Authority and UK regulation in general. And he discusses why he believes a “derisory” compensation package has been offered to investors who fell victim to the failed fund run by former star stockpicker Neil Woodford.
Mark Bishop is a consumer activist. Since 2020, he has been volunteering for the Transparency Task Force...2023-10-0342 minFollowing the RulesSpecial episode: Smarsh’s Tom Padgett maps out how finance bosses, compliance professionals and regulators can best navigate the new world of AIToday’s episode is a special one produced in association with Smarsh, a US-headquartered technology firm providing global financial services companies with the tools to capture, store, and monitor their communications.
Today’s guest outlines how he expects the rise of artificial intelligence tools to change the way in which financial institutions’ run their compliance divisions and how compliance professionals, and the regulators they answer to, can best navigate the new world of AI. In particular, he explains compliance’s role as a critical enabling function for finance bosses looking to capitalise on the opportunities AI offers in a sec...2023-09-2629 minFollowing the RulesRachel Kent, government adviser and Hogan Lovells partner, calls on City executives to do more to help lawmakers in their efforts to future-proof UK financeToday’s guest calls on City executives to play a more proactive role in guiding regulators and policymakers in their efforts to both future-proof and foster competition within the UK’s financial services sector.
She discusses how she believes the UK’s financial sector and its regulators can best navigate the vast programme of regulatory change derived from such efforts to bolster the City post-Brexit.
And she outlines the mindset shift required to establish yourself as a go-to adviser to governments and lawmakers.
And she should know, because Rachel Kent is a senior financ...2023-09-1935 minFollowing the RulesInvestment banking veteran Craig Coben on the issues City regulators should prioritise to strengthen London as a financial centreToday’s guest discusses why he believes London has lagged other financial centres in recent years. He outlines the issues within UK financial services he believes City watchdogs should prioritise to strengthen London as a financial centre and as a listing exchange amid what he sees as a post-Brexit crisis of confidence.
He also details what measures policymakers can take to boost London’s appeal and competitiveness in the lead-up to the upcoming general election.
Craig Coben is a former investment banker with more than 25 years of financial industry experience. He began his banking career at D...2023-08-0836 minFollowing the RulesMatthew Nunan, former FCA head of enforcement now Gibson Dunn partner, calls on the regulator and the SFO to start working better togetherToday’s guest outlines the changes he believes are necessary to future-proof both the UK’s finance regulator the Financial Conduct Authority and the country’s top prosecution agency the Serious Fraud Office. And explains why it’s vital for the two organisations to begin working together more effectively.
He also discusses how the UK’s accountability regime for senior City staff could be improved, where the City needs clarity from the government as to its Brexit plans and plenty more in between.
Matthew Nunan spent six years as a case controller at the SFO, and seven...2023-07-2539 minFollowing the RulesFormer FCA chair Charles Randell on the highs and lows of running the regulator and why he’s focusing now on calling for a government-led strategy to tackle financial exclusionToday’s guest discusses his tenure as chair of the UK finance regulator the Financial Conduct Authority including his highs and lows in the role, and his advice for those now running the watchdog. He also outlines what unfinished business he had on leaving the FCA, and in doing so explains why “the time is now” for UK policymakers to do more to stamp out financial exclusion in the country.
Charles Randell spent 24 years as partner in the corporate finance practice at law firm Slaughter and May and was the lead external lawyer for the government during the gl...2023-07-1139 minFollowing the RulesUK Finance Academy’s Roger Miles and Slaughter and May’s Jan Putnis on navigating regulators’ myriad expectations on culture and the questions lawmakers need to answer on the City’s futureAs UK watchdogs continue their drive to stamp out aspects of poor culture within the financial services sector, those tasked with responding to the many ongoing and upcoming regulatory requirements can easily feel overwhelmed.
Today’s guests outline what financial services bosses and board should do to cut through the regulatory noise while still building ethical organisations, as well as the common mistakes they should avoid.
They also detail the regulatory changes they would like to see emerge from the government’s latest package of proposed Brexit reforms and they discuss the questions they would like...2023-03-1438 minFollowing the RulesRevealed: FCA bosses were the subject of 30 internal reports of bullying, harassment, racism and discrimination between 2020 and 2022. What’s next?Today’s episode is a deep dive into the culture of the UK’s top financial watchdogs: the Financial Conduct Authority and the Prudential Regulation Authority. In it, I reveal that the FCA received 38 allegations of bullying, harassment racism and discrimination taking place within its ranks in 2020, 2021 and 2022, while the PRA received three such reports from amongst its workforce over the same time period.
Together with today’s guests, we discuss the action the FCA and PRA should take as a result of these allegations, how news of these claims could affect regulators’ efforts to police similar misbehav...2023-03-0737 minFollowing the RulesGeopolitics guru Tina Fordham on the changes to come in global market dynamics and how finance execs should respondToday’s guest outlines how she expects financial services bosses and the policymakers setting their rules will adapt to a “paradigm shift” in global geopolitics that will see China get increasingly assertive, US more protectionist and Russia more aggressive. She details the investment opportunities that she believes will arise from these changes to geopolitical dynamics and the likely regulatory reaction to that. And she explains how finance companies can prepare now for a “mega” 2024 in which the UK will likely see a change in government, the US could be navigating a return of President Trump and Mexico, India, South Africa, Ru...2023-02-2836 minFollowing the RulesGalaxy Digital’s Alex Royle and Goodwin Procter’s Andrew Henderson on the opportunities lawmakers and regulators are missing in the crypto-asset sectorToday’s guests detail the opportunities they believe that lawmakers missed when drafting their plans to regulate crypto-assets in the UK. They explain how financial services regulation could be improved if the industry’s watchdogs did more to integrate technology underpinning crypto-assets into their operations. And they offer advice to compliance and regulatory execs looking to make the jump from working in traditional finance to roles within crypto.
Andrew Henderson has spent two decades in financial services law. Since 2022 he has worked as a partner in law firm Goodwin Procter’s private investment funds and financial industry practi...2023-02-2134 minFollowing the RulesCulture and ethics adviser Roger Steare on the anthropological tools that City bosses should use to spot bad behaviour amongst their workersToday’s guest outlines what City bosses are getting wrong in their efforts to improve the culture of the organisations under their management. He explains the anthropological tools that financial institutions’ boards and leaders could use to both better understand the causes of - and prevent - bad behaviour amongst their employees. And he outlines how he believes both UK regulators and UK regulation needs to change in order to improve conduct within the financial services sector.
Roger Steare is known professionally as the Corporate Philosopher. He has spent two decades advising the bosses and boards of some o...2023-02-1431 min
The Dead Sailor PodcastEP8 | Casa De Mexico | The Dead Sailor Podcast (FAIL)You might chalk this one up to a wild experiment gone wrong. Our house mates Hannah Bergemann, Talus Turk, Blake Hansen, Evan Bradley, Ryan McNulty, Hayden Zablotny, Kaia Jensen, and Lucy Van Eesteren decided it would be fun to toss the mic's up one night while in Guadalajara, Mexico for Freeride Fiesta but what ensued was wildly random, somewhat chaotic, but entertaining none the less. We'll go back to the drawing board and give this format another shot one day. In the mean time give this short episode a listen and enjoy a laugh or two.
Follow H...2023-02-0819 minFollowing the RulesSpecial episode: Clausematch’s Evgeny Likoded and LawtechUK’s Aleksandra Wawrzyszczuk discuss a new tool that could fundamentally reshape the way regulators and companies navigate changes to rulesToday’s episode is a special one produced in association with Clausematch, a regulatory technology company providing financial services companies in the UK, US and Asia with solutions to address challenges within policy management and regulatory change.
Today’s guests call on financial services regulators globally and the companies they supervise to work together now to automate the processes around changing and implementing rules.
They also explain how a first-of-its-kind project that they’ve been working on could not only help to kick start an industry drive to digitalise regulatory change, but also fundamentally reshape compli...2023-02-0727 minFollowing the RulesFinancial Conduct Authority’s COO Emily Shepperd on preparing the regulator for its expanding remit, and the need for a “bit more understanding” about the FCA’s limitsToday’s guest outlines how the UK’s markets watchdog is adapting the way it works and resources its teams to ensure it is fit to meet its ever-expanding remit.
She calls on City workers to be “a bit more understanding” about the Financial Conduct Authority’s limits as it navigates this growing to-do list, to speak out if the regulator is “getting something very, very wrong” and for finance bosses to speak up if they want to find a way for their employees to help the FCA with its workload.
She also discusses what changes the FC...2023-01-3133 minFollowing the RulesSpecial episode: Smarsh’s Goutam Nadella maps out how finance firms can best modernise their approach to tracking staff communications during a tough economy and beyondToday’s episode is a special one produced in association with Smarsh, a US-headquartered technology firm providing global financial services companies with the tools to capture, store, and monitor their communications.
Today’s guest outlines why it’s imperative that regulators and the financial services firms they supervise work together now to determine industry best practice for modernising compliance. He also explains how it’s possible for City firms to continue to prioritise innovation in their back office in today’s tough economic environment. And he details the common mistakes finance bosses must avoid when seeking to more close...2023-01-2434 min
Financial Crime Weekly PodcastFinancial Crime Weekly Episode 42Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. The world of financial crime has another busy week, with plenty of sanctions, money laundering, and cyber. Cyber, cyber, everywhere, so let’s crack on.These are the links to the principal documents mentioned in the podcast:Council of Europe: Group of States Against Corruption, Bulgaria: Council of Europe anti-corruption body publishes a report on corruption prevention and integrity concerning top executive functions and the police (press release).Council of Europe: Group of States Against Corruption, FIFTH EVALUATION ROUN...2023-01-2221 minFollowing the RulesConvicted Libor rigger Tom Hayes on his plans for the future and what the City should learn from his caseToday’s guest was the first person in the world to be jailed for rigging the London interbank offered rate a benchmark that helped to determine interest rates or mortgages in sizeable corporate loans.
He is also one of the only bankers to be sent to prison after the financial crisis.
Tom Hayes is a former UBS and Citigroup trader who spent half of his 11-year sentence in prison. His release in early 2021 came after the four other former traders convicted in the Libor manipulation scandal had completed their prison terms. Eight others embroiled in the...2023-01-1737 minFollowing the RulesRutherford’s Jonathan Skerrett on where finance’s compliance talent should look for new jobs and pay rises in 2023, and the mistakes bosses make when hiring in a tough job marketToday’s guest outlines where in the financial services sector compliance professionals will be able to find new jobs and salary increases in the coming months, and where we can expect a slowdown in recruitment. He details the common mistake finance bosses make when hiring and promoting back-office expertise and how to avoid them. And he explains why – and how – financial services execs must act now to help close the gender pay gap in compliance.
Jonathan Skerrett is the founder and director at Rutherford, a recruitment firm that specialises in placing compliance officers in roles within the financia...2023-01-1043 minFollowing the RulesLatham & Watkins’ Nicola Higgs and Credit Suisse’s Simon Welch outline how finance firms can best respond to fast-changing ESG rules and what bosses should do now to prep for greenwashing allegationsToday’s guests set out how financial services firms should best respond to the now myriad and rapidly-changing environmental, social and governance requirements in existence worldwide and the steps they should take now to prepare for formal or informal challenges to their ESG credentials. They outline the role of legal and compliance staff as well as front office executives in such responses and the common mistakes such individuals should avoid. They also discuss the ESG-related challenges that they believe not enough people are paying attention to.
Nicola Higgs advises banks, fund managers and insurers on UK and Eu...2022-12-1338 minFollowing the RulesCoinbase’s Tom Duff Gordon on responding to the collapse of FTX exchange, how the UK can best build a competitive crypto hub and the regulatory questions arising from a move to decentralised financeToday’s guest explains what he believes the right regulatory response to the collapse of crypto exchange FTX would be. He details the policies UK lawmakers and regulators should consider as they seek to more closely police all things crypto while also establishing the City’s as a competitive finance hub post-Brexit. And he outlines what EU policymakers got right and where he believes they went wrong in their regulation of the sector.
Tom Duff Gordon’s 20-year career includes 5.5 years overseeing banking group Credit Suisse’s government relations and regulatory policy in the EU and UK. Since Ju...2022-12-0635 minFollowing the RulesFinancial Reporting Council’s Kate O’Neill on the case for speeding up the creation of the FRC’s replacement, and how to avoid over-complicating ESG requirementsToday’s guest urges UK lawmakers to create a replacement body to the audit, actuarial and accounting watchdog the Financial Reporting Council “as fast as possible”, almost four years after such a move was first recommended.
She lays out the case for the UK government to prioritise better, simpler rule-making over more regulation when looking to reform the UK’s financial services rulebook post-Brexit.
She outlines how boards and investors should best approach increasingly-complicated environmental, social and governance regulation, and offers tips on how to avoid common mistakes when addressing ESG reporting requirements.
Kate O’N...2022-11-2932 minFollowing the RulesOBIE’s Charlotte Crosswell on moving the UK’s open banking initiative forward and her priorities as the first chair of the UK’s new Centre for Finance, Innovation and TechnologyToday’s guest outlines how she believes UK lawmakers and regulators can best retain and grow a competitive fintech hub both in a tough economic period and the City’s new post-Brexit era. She details the achievements of the UK’s approach to open banking, and offers advice on how to move this initiative forward.
These are ideas we should see feed through into action because Charlotte Crosswell is not only completing her mandate as chair and trustee of the Open Banking Implementation Entity, but has recently been appointed as the chair of the Government's new Centre for Fin...2022-11-2225 minFollowing the RulesFund industry veteran Philip Warland on the network of City spies that UK regulators must turn to now and why it’s ”constitutionally wrong” for watchdogs to oppose government call-in powersToday’s guest calls out UK finance regulators for their vocal opposition to proposed new government powers that would see lawmakers able to call watchdogs in to explain aspects of their approach to policing the City, arguing that such a stance is both “self delusion” and “constitutionally wrong”.
He calls on the UK’s Financial Conduct Authority to stop seeing City executives as “a bunch of criminals” and do more to engage with financial services professionals. He explains why he believes that reinstating City intelligence gatherers known as ‘grey panthers’ and establishing a proper secondment process at the FCA would ultima...2022-11-1535 minFollowing the RulesXavier Rolet, the former London Stock Exchange Group CEO, on how the UK can save its global clearing hubToday’s guest outlines the steps UK institutions, and their regulators could take now to prevent London from losing its status as a global clearing hub. He details the regulatory changes to equity markets and pension fund rules that UK lawmakers should consider to ensure the City retains its global leadership in financial services post-Brexit. And he explains how a proposed 2017 merger between the London Stock Exchange Group and its German rival Deutsche Börse could have helped London better navigate some of its most complex Brexit issues.
These are all subjects he is considerably well-versed in bec...2022-11-0834 minFollowing the RulesFormer regulator and criminal prosecutor Sasi-Kanth Mallela on the growing need for increasing the SFO’s budget and simplifying the FCAToday’s guest outlines why, in a time of significant cuts to public services, the UK government should consider increasing funding for the Serious Fraud Office, the UK’s top prosecution agency for white collar crime. He also lays out the case for significantly simplifying the workload of the UK markets watchdog the Financial Conduct Authority and offers tips for those looking to pursue a career at the regulator.
Sasi-Kanth Mallela is a former regulator and criminal prosecutor. His 22 year career includes stints as a case controller at the SFO and as a technical specialist in the enfo...2022-11-0129 minFollowing the RulesLord Holmes, vice-chair of the All Party Parliamentary Group on Fintech, on how the next government should future-proof the CityToday’s guest explains how he would like to see the UK parliament’s influential Treasury Select Committee change to best regulate new asset classes like crypto. He details the regulatory priorities he believes the next UK government should have to future-proof the UK financial services sector. He also outlines his concerns around the UK markets watchdog’s ability to cope with its ever-expanding to-do list, and outlines how parliamentarians can best address the issue now to help the City remain competitive post-Brexit.
Lord Chris Holmes is an award-winning Paralympian, who has been a Conservative peer in the Ho...2022-10-2527 minFollowing the RulesCompliance veteran Antony Whitehouse on the rising risk of a major financial scandal hitting the City and how to avoid itToday’s guest explains why the UK’s financial sector could be heading towards another major financial scandal and what City regulators and firms under their remit can do now to prevent such an event from coming to fruition. He outlines how he believes the UK markets’ watchdog’s approach to policing City behaviour must change to better enable finance firms to adhere to their expectations. He also details the compliance challenges that he sees arising from the current cost-of-living crisis and explains how compliance teams should best respond.
Antony Whitehouse is a former regulator at the Financia...2022-10-1833 minFollowing the RulesHowden CAP’s Mary O’Connor on improving regulation in UK finance and how City bosses should change their approach to gender diversityToday’s guest discusses what regulators and lawmakers should consider in their efforts to rethink regulation for UK insurers post-Brexit. She explains what UK watchdogs should be doing now to foster innovation within the insurance sector, and how regulators themselves could innovate to improve rule-making for financial services firms generally. She also challenges City bosses in their approach to gender diversity within the financial services sector, and outlines how she plans to grow her new business to best reflect the lessons she has learned with regards to fostering diversity of talent.
These are all subjects close to he...2022-10-1132 min