{"product_id":"essential-strategies-for-financial-services-compliance-isbn-9781118906132","title":"Essential Strategies for Financial Services Compliance","description":"\u003cb\u003eA fully updated edition of the definitive guide to financial regulation\u003c\/b\u003e  \u003cp\u003eIn recent years, not only has the compliance field become firmly established, but it has seen staggering growth, thanks to never-ending changes in the regulatory environment. As regulation increases still further, the demand for clear guidance on navigating daily compliance issues is greater than ever. Now in its second edition, the highly successful \u003ci\u003eEssential Strategies for Financial Services Compliance\u003c\/i\u003e has been updated with the latest compliance strategies and regulatory information, making it indispensable for compliance officers, legal firms, and anyone else working with the financial services compliance function.\u003c\/p\u003e \u003cp\u003eNon-compliance represents a significant material risk for any financial services firm that fails to understand and appropriately apply regulatory standards. This Second Edition of \u003ci\u003eEssential Strategies for Financial Services Compliance\u003c\/i\u003e makes it easy to digest complex information on the regulatory framework. But this book is far from solely theoretical. A balanced approach means that both the concepts \u003ci\u003eand\u003c\/i\u003e their application are within reach. Annie Mills and Peter Haines deliver solid advice that can be applied on a day-to-day basis to manage any compliance issues that may arise. Read this book to:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eUnderstand the conceptual basis of compliance and the current regulatory environment applicable to the financial services industry\u003c\/li\u003e \u003cli\u003eQuickly and thoroughly learn the accepted best practices for everyday compliance\u003c\/li\u003e \u003cli\u003eGet up to date information on the current financial regulatory environment with this new edition\u003c\/li\u003e \u003cli\u003eReference detailed advice as issues arise in day-to-day operations\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThis update to the popular first edition of \u003ci\u003eEssential Strategies for Financial Services Compliance\u003c\/i\u003e will help eliminate non-compliance risk and ensure that your firm is entirely current on its ability to navigate the maze of financial services regulation.\u003c\/p\u003e \u003cp\u003eAcknowledgements ix\u003c\/p\u003e \u003cp\u003eList of Abbreviations xi\u003c\/p\u003e \u003cp\u003ePreface (Or, How Not to be an Execution Officer) xvii\u003c\/p\u003e \u003cp\u003eForeword to the First Edition xxi\u003c\/p\u003e \u003cp\u003eForeword to the Second Edition xxiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One Commentary and Context 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 The UK Regulatory Environment 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 Regulation in the UK 3\u003c\/p\u003e \u003cp\u003e1.2 Different regulatory regimes in the UK 5\u003c\/p\u003e \u003cp\u003e1.3 The FSMA regime for investment business 5\u003c\/p\u003e \u003cp\u003e1.4 The UK’s anti-money laundering regime 11\u003c\/p\u003e \u003cp\u003e1.5 The UK’s takeover regime 13\u003c\/p\u003e \u003cp\u003e1.6 Other UK regulatory regimes 13\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 The Compliance Function 15\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 Compliance as a concept 16\u003c\/p\u003e \u003cp\u003e2.1.1 What is Compliance? 16\u003c\/p\u003e \u003cp\u003e2.1.2 Who is responsible for Compliance? 19\u003c\/p\u003e \u003cp\u003e2.1.3 Different Compliance models 21\u003c\/p\u003e \u003cp\u003e2.2 The Compliance Officer 22\u003c\/p\u003e \u003cp\u003e2.2.1 Key responsibilities of the Compliance Officer 22\u003c\/p\u003e \u003cp\u003e2.2.2 What are the characteristics of a good Compliance Officer? 24\u003c\/p\u003e \u003cp\u003e2.3 Compliance: good and bad 26\u003c\/p\u003e \u003cp\u003e2.3.1 What are the characteristics of a good Compliance regime? 26\u003c\/p\u003e \u003cp\u003e2.3.2 What are the characteristics of a bad Compliance regime? 30\u003c\/p\u003e \u003cp\u003e2.3.3 Danger signals 32\u003c\/p\u003e \u003cp\u003e2.4 The argument for Compliance 33\u003c\/p\u003e \u003cp\u003e2.4.1 What are the benefits of Compliance, regulation and the Compliance Officer? 33\u003c\/p\u003e \u003cp\u003e2.4.2 What are the costs of Compliance? 40\u003c\/p\u003e \u003cp\u003e2.5 Compliance as a profession 41\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 The Compliance Contract 45\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 The Compliance Mission Statement 46\u003c\/p\u003e \u003cp\u003e3.2 The Compliance Charter 47\u003c\/p\u003e \u003cp\u003e3.2.1 Contents of a Compliance Charter 47\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Mapping Your Compliance Universe 53\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Mapping Your Corporate Universe 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Operating entities 57\u003c\/p\u003e \u003cp\u003e5.2 Business units 61\u003c\/p\u003e \u003cp\u003e5.3 External Service Providers 66\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Regulators and Other Industry Bodies 69\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Exchanges 70\u003c\/p\u003e \u003cp\u003e6.2 Clearing houses 76\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 The Legislative Environment and Rules Mapping 77\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Rules mapping 79\u003c\/p\u003e \u003cp\u003e7.2 Detailed rules mapping for your own firm 79\u003c\/p\u003e \u003cp\u003e7.3 Rules mapping for an overseas jurisdiction 82\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Financial Products, Services and Documentation 85\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Products and services 85\u003c\/p\u003e \u003cp\u003e8.2 Understanding products and services in context 86\u003c\/p\u003e \u003cp\u003e8.3 Documentation 88\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Compliance Outside the Compliance Department 91\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 The Front Office 92\u003c\/p\u003e \u003cp\u003e9.2 The Back Office and other support functions 93\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Key Compliance Department Activities 95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 Routine activities 95\u003c\/p\u003e \u003cp\u003e10.2 Off-Piste Compliance: advisory work 96\u003c\/p\u003e \u003cp\u003e10.2.1 Understanding what it is all about 97\u003c\/p\u003e \u003cp\u003e10.2.2 What are the regulatory implications? 99\u003c\/p\u003e \u003cp\u003e10.2.3 Your plan of attack 105\u003c\/p\u003e \u003cp\u003e10.3 Compliance conundrums 107\u003c\/p\u003e \u003cp\u003e10.4 Dealing with a lack of cooperation 108\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Comply or Die – When Things Go Wrong 111\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.1 Someone’s watching you 113\u003c\/p\u003e \u003cp\u003e11.2 The regulators have ‘hot buttons’ 118\u003c\/p\u003e \u003cp\u003e11.3 What the regulators can do to find out more 120\u003c\/p\u003e \u003cp\u003e11.4 What to do if you are being investigated or are subject to disciplinary action 122\u003c\/p\u003e \u003cp\u003e11.5 Consequences of rule breaches and other regulatory misdemeanours 124\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendices\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Routine Compliance Activities 131\u003c\/p\u003e \u003cp\u003eB Routine Anti-Money Laundering Activities 207\u003c\/p\u003e \u003cp\u003eC Compliance in the Front Office 221\u003c\/p\u003e \u003cp\u003eD Compliance for Senior Management, the Back Office and Other Support Departments 265\u003c\/p\u003e \u003cp\u003eE Compliance Conundrums – What Would You Do? 291\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two Compliance Perspectives 333\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBox 1: Acting on Principle 335\u003c\/p\u003e \u003cp\u003eBox 2: ARROW 339\u003c\/p\u003e \u003cp\u003eBox 3: Basel III and CRD IV 340\u003c\/p\u003e \u003cp\u003eBox 4: Extradition 342\u003c\/p\u003e \u003cp\u003eBox 5: Financial Services Action Plan 343\u003c\/p\u003e \u003cp\u003eBox 6: Going Global? 345\u003c\/p\u003e \u003cp\u003eBox 7: Industry Guidance 347\u003c\/p\u003e \u003cp\u003eBox 8: L\u0026amp;G v. the FSA – Who are the Real Winners and Losers? 349\u003c\/p\u003e \u003cp\u003eBox 9: Markets in Financial Instruments Directive 350\u003c\/p\u003e \u003cp\u003eBox 10: Money Laundering Statistics 353\u003c\/p\u003e \u003cp\u003eBox 11: Prudential Regulation of Capital Adequacy 354\u003c\/p\u003e \u003cp\u003eBox 12: The Enforcement Process – Getting on the Wrong Side of the Regulators 356\u003c\/p\u003e \u003cp\u003eBox 13: The Laundering Process 357\u003c\/p\u003e \u003cp\u003eBox 14: Treating Customers Fairly 358\u003c\/p\u003e \u003cp\u003eIndex 361\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eANNIE MILLS\u003c\/b\u003e is an experienced compliance officer and has worked in many areas of investment management and banking compliance. She is currently Head of Compliance at Cantor Index \u0026amp; Cantor Fitzgerald Europe. Prior positions include Compliance Director (Internal Controls) at BGC Partners\/Cantor Fitzgerald Group, and Senior Compliance Officer at Standard Bank. \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePETER HAINES\u003c\/b\u003e is a chartered accountant with experience as a regulator and as a senior Compliance Officer and Money Laundering Reporting Officer. He has been a consultant since 2006, advising banks and investment firms, initially on compliance issues, but increasingly on governance and risk as well. Peter travels widely in this role and has gained experience in various US, European and Asian financial centres. He is now a non-executive director with a UK bank, chairing its Audit, Risk and Compliance Committee, and a Visiting Fellow at the ICMA Centre, University of Reading and Henley Business School.   \u003c\/p\u003e\u003cp\u003e\"This excellent book addresses an urgent need with authoritative advice. Compliance with financial regulation needs to be embedded into company culture. This book shows how it should be recognized as a fundamental part of strategic thinking: making compliance a strength rather than weakness; an opportunity rather than threat.\"\u003cbr\u003e \u003cb\u003e —David Craig, President of the global Financial and Risk business at Thomson Reuters\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"\u003ci\u003eEssential Strategies for Financial Services Compliance\u003c\/i\u003e is a well drafted, insightful and essential text for Compliance staff. It demonstrates a practical and user friendly approach to the role of a Compliance professional providing good examples, templates and case studies. It has grasped many of the key issues around conduct, culture and compliance practice and is an ideal text for compliance students of this evolving dynamic discipline. The ICA recommends the book as a core text for its Compliance and GRC courses.\"\u003cbr\u003e \u003cb\u003e —Bill Howarth, Chief Executive Officer, International Compliance Association\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"The updated \u003ci\u003eEssential Strategies for Financial Services Compliance\u003c\/i\u003e is fundamental reading for any budding Compliance Professional, and an excellent reference for those already 'treading the boards'. With the new responsibilities and accountabilities of Compliance Officers, and changes in regulators and their emphasis, the key areas mentioned are vital for any large organization's compliance department to adopt and maintain. Thoroughly recommended to anyone in a major financial services organization.\"\u003cbr\u003e \u003cb\u003e —Lee Werrell, Chartered FCSI FISMM, Author of \u003ci\u003eCompliance Managers Guidebook  \u0026amp; Reference\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989158084837,"sku":"NP9781118906132","price":68.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118906132.jpg?v=1761783030","url":"https:\/\/k12savings.com\/es\/products\/essential-strategies-for-financial-services-compliance-isbn-9781118906132","provider":"K12savings","version":"1.0","type":"link"}