<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=378468&amp;fmt=gif">

Our experts partner with compliance teams around the world to provide customizable, user-friendly software solutions designed to simplify every-day compliance processes while ensuring you meet the strictest regulatory standards.

Our system offers a host of benefits and reassurances for compliance leaders, compliance teams and technology specialists.

Automated conflict of interest detection and mitigation helps your compliance teams work better, faster and more effectively. The rigor of our reporting, surveillance, certification and security systems provides complete peace of mind for Chief Compliance Officers and board members.

Helping you to detect and prevent market abuses that could jeopardize your reputation and regulatory compliance. Actively manage insider lists and investigate employee trading in the context of current market activity and events.

Clear deals faster. Centralize deal data. Reduce your risk. Compliance Control Room lets you organize, manage, and monitor your firm's most important information flows from a single platform.

Whether for work or pleasure, it’s a mobile world. And a mobile workforce calls for mobile solutions. Introducing STAR Mobile. With STAR Mobile, employees pre-clear activity and report transactions on-the-go. Supervisors review escalated requests anywhere there’s a cell connection.

Create unlimited projects to easily manage and monitor dynamic lists of employees who have access to insider information.

Compliance Control Room's enterprise-level single platform centralizes all your firm's deal-related activity—letting you manage control room activities more efficiently and effectively.

Increase employee participation. Increase data accuracy. Increase responsiveness. STAR Mobile is a native app that makes compliance simple, easy, and convenient.

Automatically monitor employee state, local, and federal political contributions and reduce the risk associated with breaking pay-to-play laws. 

 

How Star's SMCR Solution Helps Firms Adapt to Evolving FCA Standards

The FCA's approach to enforcement is evolving. Star's new SMCR solution enables UK firms to evolve alongside it. Here's Steve Brown—Head of Business Development at Star and a veteran compliance officer—with all the details

The Financial Conduct Authority recently published a new business plan detailing its ongoing efforts to become a more forward-thinking, proactive regulator. Among other changes, the document outlines new approaches to using data and technology to fulfill its mission. The document also describes a heightened focus on adaptation to changing market forces and a commitment to testing the limits of the FCA's powers. The language used in the FCA business plan is bold and direct, but what does it mean for risk and compliance teams at the financial institutions under FCA jurisdiction?

NO GOING BACK
In announcing the plan, CEO Nikhil Rathi said firms could expect tougher policies and more decisive enforcement action moving forward, stating there's “no scenario where [the FCA] will return to a light touch, don’t-ask-don’t-tell philosophy.” Notably, Rathi also pointed out that in the coming years, the organization would become "a data regulator as much as a financial one.” The FCA’s recent £120 million investment in data and technology solutions supports that claim, and the organization has also defined clear metrics to track its success in deterring data misuse.

Moreover, it has begun establishing data science units, or DSUs, which aim to center decision-making on data. DSUs help the regulator better understand markets by bringing together different data sets to drive new insights, help uncover possible harm or market manipulation, and enable faster intervention. In light of these developments, firms must rapidly begin implementing risk and compliance approaches that account for new integrated surveillance initiatives (if they haven’t already), and carefully monitor data management practices to detect sources of potential misconduct before they become compliance issues. StarCompliance can help.

FUTURE-READY 
Star is on a mission to provide future-ready compliance solutions for firms based or doing business in the UK, as evidenced by our recent acquisition of Individual Accountability Regime and Training and Competency solutions to meet Senior Managers and Certification Regime obligations. With a dedicated SMCR solution, firms can reduce risks associated with regulatory intervention, fines, and reputational damage by demonstrating proper, auditable workflows to the FCA. Our technology also allows firms to drive increased transparency by facilitating the sharing of relevant personnel and conduct-related data among the appropriate stakeholders, and to make risk and compliance practices more efficient and effective. 

As measures imposed by the FCA continue to evolve, Star will continue to make compliance simple and easy by providing automated data and workflow solutions that evolve with them. The SMCR wasn’t one-and-done. What regulation ever is? Whether it’s individual accountability, training and competency, or whatever else global regulators might conjure up, Star’s future-ready compliance platform is designed to be there for the long haul.

New call-to-action

SHARE THIS STORY | |
With clients in 114 countries, StarCompliance is a global leader in financial compliance technology. Our scalable, easy-to-use compliance software solutions provide a 360-degree view of employee and business activity to help firms monitor for conflicts, reduce risk, meet regulatory obligations, gain efficiencies, and drive employee adoption. To see what Star technology can do for you, book a FREE demo now.

Search

Follow

Recent Posts

Subscribe to Blog