Browse all articles across people aspects of regulation and people development within UK financial services
In this article I hope to show some examples of what the new code of conduct might mean when it comes into effect for the Financial Services industry and to bring it to life for the people and institutions that it will apply to.
So you’re a smaller firm looking to take on a new entrant. Just the one until you see how it goes. Here’s a few thoughts on what challenges this might bring and what you should to consider to help overcome these challenges.
Who will the new Senior Managers Regime apply to and what will their responsibilities be? The new regime is intended to make it easier for regulators to hold individuals to account, and applies to individuals responsible for managing regulated activities, or actions that might generate risk or serious consequence for the relevant firm.
Obviously, this statement is ‘tongue-in-cheek’ but it does refer to a serious point. Under the new Individual Accountability Regime being introduced for banking firms, Training and Competence (T&C) potentially becomes a sub-set of Certification, so Jeff, perhaps, this July publication does deserve a name change….?
As we trundle towards the end of a parliament, of a financial year and of a pension tax regime there is a gung-ho spirit about. The Pension Schemes Act received Royal Assent and the major projects are all intact. None has failed yet.
