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Duty to Prevent

It is no longer acceptable for firms and their leaders to remedy misconduct after the fact. Instead, they are increasingly expected to prevent misdeeds or mishaps from occurring. This push comes both from aggrieved shareholders, tired of bearing the attendant costs, and in the form of regulatory and legislative requirements that seek to establish a ‘duty’ to prevent stakeholder harm.

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How "Failure to Prevent" Changes Risk Management

by Starling Insights

Observations

Nov 27, 2024

In a recent article, Deloitte examines how the new "failure to prevent fraud" (FTP) offense in the UK may require a new approach to risk management.

The 2024 Compendium is available June 11th!

Now in its 7th year, Starling's Compendium features over 40 contributors from across the industry as well as detailed analysis of the latest trends in culture & conduct risk supervision.

The 2023 Compendium of Regulatory Priorities Aimed at Culture and Conduct Challenges in the Financial Sector

by Starling Insights

Compendium

Jun 07, 2023

The “Compendium” is broken out by global regions and specific national jurisdictions in each. Where practicable, we have broken the information out further to highlight specific regulatory or supervisory agencies, standard-setting bodies, and other industry organizations of relevance.