An FCA specialist has labelled some compliance officers ‘not very good’ and says they have “too much of a tick-box, back-covering approach”.

The advent of new EU rules forcing firms to keep records of electronic communications including an “avalanche of content” on social media has prompted one business to double its UK team.

Finance firms are failing to properly record and supervise their staff’s activity on websites like Twitter and LinkedIn despite new FCA guidelines, a study concluded. Read more...