Monthly Archives: February 2018

Robin Henry quoted in Independent on publication of RBS GRG report

Robin Henry, a partner at law firm Collyer Bristow, said the most striking conclusion in the report was that inappropriate behaviour was systematic.”Such behaviour, contrary to the law, regulations or RBS’ own policies, was not the result of rogue employees but something that GRG management was or should have been aware of,” Mr Henry said.”There was an intentional and coordinated strategy to focus on GRG’s commercial objectives rather than on the interests of its customers.”He also criticised the FCA for not carrying out the second phase of its investigation.He said: “A[nother] major failing revealed by the report’s publication is that the FCA has not followed up on its conclusions since it was completed in September 2016. “The report was supposed to be Phase 1 of the investigation into GRG, and Phase 2 was for the FCA to consider the root cause of the problems and whether RBS management knew or sanctioned GRG’s misconduct.”Nearly 18 months later, the FCA has provided no answers to these questions, and this is something it must now address as a matter of urgency.”

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GDPR – Smaller charities at risk

A survey has revealed that, whilst knowledge of the new General Data Protection Regulation is widespread amongst larger charities, a large number of small and midsize charities are unaware of GDPR. It is critical that charities are aware that when GDPR comes into force on 25 May they could face major fines for data breaches, will be required to notify the ICO within 72 hours of a breach that puts personal data at risk and must personally notify individuals if there is a high risk breach.Howard Ricklow, joint head of Data Protection, recently advised at a charities GDPR event. Our Data Protection offering, CB Comply, is available to assist in charities’ data audit and risk assessment in order to get charities compliant by 25 May to avoid substantial fines and huge damage to brand and reputation.

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RBS “misled” MPs over GRG misconduct

If Clive Lewis is correct that the published summary of the FCA report has been “sanitised”, then it is clear that to allow claimants against RBS to be dealt with fairly under the FCA compensation scheme, the full unredacted report must now be put in the public domain. And because compensation though legal action is under ever-increasing threat of being time-barred under the statute of limitations, any further evidence of GRG misconduct ought to be published without delay.

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