Report on thematic review into anti-bribery and corruption systems and controls in investment banks
On 29 March 2012, the FSA published a report of the findings of its thematic review into anti-bribery and corruption (ABC) systems and controls in investment banks.
The FSA opined that the investment banking sector has been too slow and reactive in managing ABC risks. As a result of the findings, the FSA has also published a guidance consultation setting out proposed amendments to the financial crime guide (FC) (GC12/5).
Cross References:
http://www.fsa.gov.uk/library/policy/guidance_consultations/2012/gc1205