Compliance veteran Antony Whitehouse on the rising risk of a major financial scandal hitting the City and how to avoid it

Following the Rules

Today’s guest explains why the UK’s financial sector could be heading towards another major financial scandal and what City regulators and firms under their remit can do now to prevent such an event from coming to fruition. He outlines how he believes the UK markets’ watchdog’s approach to policing City behaviour must change to better enable finance firms to adhere to their expectations. He also details the compliance challenges that he sees arising from the current cost-of-living crisis and explains how compliance teams should best respond.

Antony Whitehouse is a former regulator at the Financial Conduct Authority’s predecessors and who has also held several senior roles in compliance at some of Europe’s largest banks. A former UK Head of Compliance and Global Head of Fixed Income Compliance at BNP Paribas and UK head of compliance at Natixis, Whitehouse has also spent three years running the influential compliance committee at trade body the Association for Financial Markets in Europe. Since July, Antony has been advising on compliance issues as a consultant at Whitehouse Compliance Advisory.