Observations
Nov 27, 2023A recent report from Corlytics, a regulatory risk intelligence firm, noted a surge in global enforcement fines from $1.5 billion and $2.27 billion in the first and second quarters of 2023, respectively, to a remarkable $5.65 billion in the third quarter. Over 85% of these fines were imposed by US regulators.
Observations
Oct 04, 2023As a part of the UK Financial Conduct Authority (FCA) and Prudential Regulation Authority's (PRA) proposed Diversity & Inclusion (D&I) regulatory framework, the regulators are seeking to crack down on sexual harassment and other instances of non-financial workplace misconduct. These reforms follow widely reported allegations of sexual misconduct against hedge fund manager Crispin Odey that led to his removal from his firm, Odey Asset Management.
