Browse all articles across people aspects of regulation and people development within UK financial services
In March 2014, an updated version of a leading qualification for international trade professionals was launched to more than 70 attendees from some of the world’s most prominent organisations within the industry, at an event in London.
Sometimes you can be doing something that you do every day, and then one day it dawns on you that you might actually not be doing that something quite as well as you would like to do it. Sounds like a riddle? Well, actually no.
Has Continuing Professional Development, or CPD, overtaken RDR as the adviser’s acronym of doom? How can CPD be transformed from a necessary evil into a positive process that benefits the individual, the customer and the firm?
Firms that are large enough for line management and functions, such as Human Resources, Compliance and managing the T&C arrangements, to be carried out by different individuals should establish a governing body for their T&C arrangements.
‘….if culture is left to its own devices, it shapes itself with the inherent risk that behaviours might not be those desired..’ The start of the New Year is traditionally a time to review what we do, and how we do it.
Correctly identifying the nature of the challenge helps us to understand what we need to do and select appropriate strategies to succeed. In this article I will try to briefly explain what a ‘Super Wicked Problem’ is and some tactics for dealing with them.
The Senior Manager & Certification Regime(SM&CR) is now over six months old and many senior managers at banks and PRA designated firms are already getting used to their new responsibilities and the realities of increased accountability.
Show us your policy and we will be on our way By now everyone should be aware that the days of show us the relevant policy, we’ll tick the box and be on our way are far behind us – the debacle with Northern Rock put pay to that.
During 2015/16 the focus of mortgage firms has been firmly fixed on those aspects of the Mortgage Credit Directive (MCD) relating to the changes to the mortgage sales process; including pre-contractual information and credit worthiness assessments alongside second charge mortgages being brought into the fold for the first time.
The arrival of the Financial Conduct Authority (FCA) in April 2013 heralded the new FCA Training and Competence (T&C) sourcebook rules – updated and extended regulations to ensure employees have the skills, knowledge and expertise needed to discharge the responsibilities of their role and demonstrate high ethical behaviour.
In 2013 the government signalled a tougher Training and Competency (T&C) regime for regulated financial firms, with the new independent regulatory bodies of the FCA and PRA having wider powers than their predecessor, the FSA.
The current Consultation Paper from the FCA and PRA covering the introduction of the new Individual Accountability Regime makes for interesting reading (I never thought I’d say that!). The regime changes are broad and far reaching.
