Nick Bayley Featured in FT Adviser: FCA Reveals Data Leak Fears

Nick Bayley, Managing Director in the Compliance and Regulatory Consulting practice at Duff & Phelps, was featured in FT Adviser discussing a recent speech made by a representative of the Financial Conduct Authority (FCA) who highlighted that market abuse was a key concern for the regulator.

"The regulator is concerned with the controls firms have in place across their investment banking and advisory platforms and suggested that this area is not yet as evolved as it should be. Firms should avoid overly relying on the permissions process for insider lists and deal-teams. Essentially, move away from the assumption that if someone legitimately has access to information, they will always act legitimately with that information. Firms should ensure that they proactively review who is permissioned to access inside information and whether access is still required. This will go some way in helping firms mitigate some of the risks associated with inside information," said Nick.

Read the full article here.

 
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