UK Bribery Act shakes up systems and controls

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LONDON – The passing of the Bribery Act 2010 into UK law has created one of the toughest anti-corruption regimes in existence. Firms operating in the UK will no longer be able to make facilitation payments, which are often thinly veiled bribes, and they will be forced to scrutinise their policies on corporate hospitality. More profoundly, the Act will require systems and controls to be put in place – of the type operational risk practitioners should be well acquainted with – to demonstrate

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Investment banks: the future of risk control

This Risk.net survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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