Browse all articles across people aspects of regulation and people development within UK financial services
Since its formation in 2013, the FCA has made it clear that it is looking at any regulated business as a whole – their business plans, structure, culture and processes – in order to determine whether they are a compliance-driven organisation. The focus is on the firm achieving appropriate customer and market outcomes and conduct.
A lot has been spoken, and for that matter written, about the new Senior Management Regimes in both banking and insurance. The majority of it has been very helpful especially when re-iterating the key elements of the legislation that has been implemented by both the PRA and FCA this year.
This year in March, what has become known as the Senior Manager and Certification Regime (SM&CR) came into force for deposit takers in the UK. In the FCA Annual Report for year ending March 2016, they proudly proclaim this regime applies to “over 41,000 people working in over 1000 Firms”.
Expertise? How can the word expertise be used in connection with the Certification Regime when the first deadline, (March 7th 2017), for certifying staff has not even been reached – are there any experts? Sounds like a good topic for a debate doesn’t it?
Four months into the new accountability regime for banks, how did the industry handle its arrival and what’s next? Simon Mercer, ComplianceServe Product Manager at Unicorn Training puts the questions to Philippa Grocott, Partner, FSTP, and Richard Whittington, Training and Development Manager, Shawbrook Bank.
The recent deadline of 7th March for implementation of the Senior Manager and Certification Regimes (SM&CR) has been subject to a lot of focus in the banking community.
Whether you are for Brexit or against it, the UK is still a member of the EU (and there is a 50% chance that we will remain so, after 23rd June this year), and as a member of the EU we are obliged to implement the EU Mortgage Credit Directive requirements by the 21 March…
There was a lot of excitement last year when Harvard Business Review announced that it had distilled the ex-Manchester United boss Sir Alex Ferguson’s success into 8 key themes. After all, what was it about him that made his footballing record second to none?
By the date this article is published, I will have spent over 300 working days focusing on the new Individual Accountability Regime! I confess, it feels like it’s been coming for so long now that nothing about it feels ‘new’ any more.
With the commencement of the new Accountability Regime now less than six months away, could the response of the training industry to the T&C needs make-or-break how prepared firms are by the deadline?
The Senior Managers Regime (SMR) is coming soon and firms across the financial services industry are beginning to focus seriously on the consequences of this new regulation and their required response.
A new three-part regulatory regime is set to make senior managers more accountable for corporate governance. But how will the new regime work and who exactly will it affect? Article provided by the Chartered Institute for Securities & Investment (CISI).
