BSI interviews Ian Cornwall about the new standards for the financial services industry

Compliance failures in financial services firms pose a significant risk to both investors and to the firms themselves.
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How do financial services providers ensure they have the adequate systems and controls in place to ensure that regulatory abuses do not occur? And, if they do occur, that their consequences are minimized?

BS 8453, the compliance framework for financial services firms has been developed by industry experts to create a best practice framework to help firms foster a compliance culture from the top down and establish a robust compliance function.

Who is this standard for?
If you are responsible for compliance, oversee compliance roles or work within the compliance department of regulated financial services organization, BS8453 would apply.

BS 8453 is the standard that applies across the entire regulated sector: wholesale, retail and investment, including:

•Compliance Officers and Managers
•Heads of Regulation and Compliance
•Anti-money Laundering Reporting Officers
•Senior management.

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Tags:

• BSI
• Ian Cornwall
• financial services
• compliance and risk