He reminded members of the importance the Guernsey Financial Services Commission are placing on the management of conflicts, quoting the DG, William Mason, who spoke on the subject in their 2017 update and highlighted the weaknesses they were seeing at that time. Jersey's regulator also focused on the topic in their �Dear John� letter to industry leaders in December. Peter covered the definition of conflicts, legal and regulatory obligations regulated businesses have and gave examples of typical, and less obvious, conflicts that you might be confronted with. Three case studies of particular relevance to fiduciaries gave as much food for thought as the excellent lunch served by the Moores Hotel team!

Aspida's team of consultants have collected a range of observations which Peter shared together with several simple steps that can be taken to ensure full compliance with the rules and regulations.

Horizon scanning, keeping a weather eye on upcoming regulatory, governance, and environmental changes, is a more recent �topic of interest� for regulators who are keen to know how your company is taking into account the future landscape.

Peter provided an overview of upcoming governance matters and the benefits that a GRC platform, such as Resolver by Aspida, can have in helping to factor these into your planning.

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To learn more and talk with one of our team, please email enquiries@aspidagroup.com or call 01481 741900.