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Your Compensation is Cancelled – Please See Airline September 12, 2015

Posted by Audit Monkey in The State of the British Nation.
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In the recent decade, we have witnessed the huge growth of regulation in Financial Services (FS). While other industries in the UK are regulated, such as telecoms, water, food and travel, the level of regulation of these industries has been light as these industries are, to a degree, self-regulating. If you don’t like your mobile phone company, you can switch. If the water company doesn’t treat the water properly, there would be an endemic. (I’ll ignore the fact untreated sewage is dumped into the Thames but still.) You get the gist.
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If You Walk Down the Road… February 15, 2015

Posted by Audit Monkey in The Joy & Pain of Internal Audit, The State of the British Nation.
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There was an interesting article in ‘The Times’ published on 12 December 2014 (yes, I know, I’ve been laxed) (more…)

Bonus Anyone? August 10, 2014

Posted by Audit Monkey in The Joy & Pain of Internal Audit, The State of the British Nation.
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As my active readers will be aware, in some parts of the financial services industry, your employer will pay a bonus based on the firm’s profit and your own personal contribution to the firm’s success. (more…)

Regulator Ultra Vires? July 9, 2014

Posted by Audit Monkey in The State of the British Nation.
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An article in today’s ‘Times’ caught my attention on the journey to work this morning. Basically the Financial Conduct Authority (FCA) has issued an interim report into failings in the savings market. The FCA is considering intervening to improve interest rates paid to consumers with older accounts.
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We’ve Got It Covered March 30, 2014

Posted by Audit Monkey in The Joy & Pain of Internal Audit, The State of the British Nation.
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I will confess that I’ve lost interest in the blog. When one spends all day trying to understand what the hell is going (in terms of systems) on particular job, putting up with anal trainees and pedantic supervisors, I don’t fancy blogging about auditing of an evening. However, I will make an exception tonight.
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