Financial sector regulation

Welcome to Allen & Overy’s Employment Talk blog, sharing with you our views and insights into the latest trends and developments into the employment aspects including regulatory investigations, the senior manager and certification regime, regulated references, whistleblowing and compliance.

2017 Employment Developments

Sheila Fahy

Normally, we like to predict the employment horizon for the coming year but after 2016, it seems foolhardy to do so. That said, our theme for 2017 is metamorphosis, although nobody knows what the transformation will look like. Read More

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Guerrilla Girls and Fisticuffs

Sheila Fahy

What is the world coming to? Guerrilla Girls, Feminist Fight Clubs and full-on initiatives to catapult women into the limelight and along the pipeline to serious senior positions. Whatever next? Wandering around the Tate Modern last week, I smiled wryly when I came across the posters by the Guerrilla Girls – a group of American Read More

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Regulatory investigations and employment challenges

Louise Skinner

Conflicting priorities In this blog, the first of a series regarding regulatory investigations and employment challenges, I discuss the need to balance competing priorities – how can firms meet global regulators’ expectations in terms of assertively addressing employee misconduct while also following the very employee-friendly, process-driven, employment law framework. Employee conduct will be at the Read More

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Notifying the FCA of conduct rule breaches and disciplinary action

Robbie Sinclair

It is now time to make the first annual report to the FCA on conduct rule breaches where disciplinary action was taken or commenced between 7 March and 3 August 2016. This must be done in the reporting window, which opened yesterday and closes on 31 October 2016. Read More

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Fitness and Propriety: Criminal record checks

David Palmer

In this blog, the first of a series regarding assessing fitness and propriety under the Senior Managers and Certification Regimes (SMCR), I am going to discuss why recent changes to the criminal record checks legislation are not great news for firms operating under the SMCR. Read More

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Shareholder spring – rethinking remuneration

David Cummings

Remuneration voting in this AGM season has been eventful so far. Many FTSE 100 and 250 boards will be feeling slightly bruised after a series of “no” votes against pay and severance deals for their senior executives, echoing the pay revolts of 2012’s “shareholder spring”. Read More

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Financial sector pay reform: looking ahead

David Cummings

Pay regulation is a moving target – one thing gets crossed off your “to do” list but there are typically several more “to do’s” around the corner. It is the same story this year. Firms may be relieved to have 2016 arrangements in place (which for many PRA firms incorporate stricter deferral, vesting and Read More

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