esupervision

eSupervision and the new FCA Money Laundering Handbook

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The FCA have released a thematic report on Understanding the Money Laundering Risks in the Capital Markets. The results of which are summarised in a pdf here. The FCA have also launched a formal Handbook.  Called the Financial Crime Guide: A firm’s guide to countering financial crime risks (FCG).  It’s not a manual on how […]

IT Sytems

The UK Government says STOP changing your passwords

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“CESG now recommend organisations do not force regular password expiry. [They] believe this reduces the vulnerabilities associated with regularly expiring passwords … … while doing little to increase the risk of long-term password exploitation” This is actually sane advice if, and only if, you follow all of it!  There is more…. In a blog post called The problems with […]

Data Breach

How Russian Hackers Stole the Nasdaq – Businessweek

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What the investigators found inside Nasdaq shocked them, according to both law enforcement officials and private contractors hired by the company to aid in the investigation. Agents found the tracks of several different groups operating freely, some of which may have been in the exchange’s networks for years, including criminal hackers and Chinese cyberspies. Basic […]

IT Sytems

Make your IT Outsourcing FCA Compliant

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In my previous post Is your IT Outsourcing arrangement FCA compliant? I highlighted why your IT Outsourcing probably didn’t meet SYSC 8.1 or SYSC 9.1.  In this post I set out what you would need to take into consideration. Quick Recap Under SYSC 8.1 General Outsourcing Requirements, the FCA sets out the rules under which […]

IT Sytems

Is your IT Outsourcing arrangement FCA compliant?

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Probably not is the answer! What is the Regulatory Framework? The FCA places specific requirements on regulated entities under its supervision. The requirements are stated in the broad based principles of the FCA, as set out in the FCA Handbook, and further requirements are set out in specific sourcebooks in the Handbook. Under the guiding […]

IT Sytems

Heartbleed – Impacts & Mitigation for Fund Managers

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At IP Sentinel we set up FCA compliant IT systems, policies and procedures for small and start-up Fund Managers and act as a virtual CTO for them as they grow. Heartbleed is all over the news right now and just in case you or your management want to know more, we’ve written this blog post. […]

IT Sytems

Announcing Virtual CTO – Fund IT Services done right!

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As your Virtual CTO, IP Sentinel will set up your FCA Compliant IT Systems, policies and procedures & act as your CTO as your organisation grows. For more information contact James Hogbin on 01825701870 or by email on james@IP-Sentinel.com Introduction IP Sentinel have a unique insight into the why’s and how’s of IT Systems, based […]