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Preparing for FCA visits
Date: Thursday 30th April 2015
Time: 2.00pm to 4.00pm
Location: 1, Cornhill, London EC3V 3ND
Event Code: MSPF301415
Fee: £245 per person plus VAT = £294.00
A discount of 10% is available for 3 or more people from the same company. If you have 4 or more people talk to us about an in house event for your Board.
Your Consultant - Charlie Galloway
Charlie specialises in governance and regulatory matters, particularly around corporate governance, board data analysis and MI. He works extensively in the industry as a highly respected governance and compliance specialist consultant.
He brings an in depth knowledge of the regulatory environment and is up-to-date with recent developments from his work helping firms to prepare for visits, coaching Directors and carrying out remedial actions.
His early career was with Sedgwick’s followed by Jardine Lloyd Thompson where he was Head of Compliance
Designed to provide Non-Executive and Executive Directors with an up-to-date insight into the focus of FCA visits and how best to prepare themselves for interview. This 2 hour briefing will focus on the FCA’s scope and areas of interest, expectations of senior management, and the style of these visits.
Over the past 18 months the difference in the two regulators approaches, personnel and response when they are concerned or dissatisfied, has diverged and the past is not a guide to the future.
For the FCA Directors need to be on the ball across a wide range of topics and be able to present a clear picture of the culture of the firm and how this translates into how customers are treated. The structure of remuneration, and the fit with results from KPIs that reflect conduct risks should be front of mind.
This workshop style event with recent examples of the FCA’s approach on recent visits is essential for anyone anticipating that they will be called for interview.
“we expect firms to treat customers fairly while maintaining prudential strength and achieving an adequate return for their owners. In other words, we don't expect that the interests of customers should be subjugated either to prudential strength or the interests of shareholders.”
Speech by Clive Adamson, Director of Supervision, the FCA June 2014
- Ensure that knowledge and understanding of the FCA’s areas of focus for your firm is up to date.
- Know what the regulator is looking for in key areas of governance, risk and capital adequacy.
- Consider examples of questions posed and how best to prepare for them.
- Know how best to prepare yourself for your interview
- Consider examples of the use of S166 skilled persons reports and how to avoid them.
- Understand the new role of independent Non-Executive Directors in leading remedial actions.
1. The FCA’s approach to supervision
- Categorisation of firms and what that means for you
- The FCA’s objectives and risk framework
- Hot topics for firms and themes going forward
- High risk areas
2. The expectations of the Board
- How the FCA see the responsibilities of the Board and Directors
- Conduct Risk and the matters Directors should be familiar with
- The importance of showing how you meet and continue to meet the Threshold Conditions
- Culture and how to demonstrate your role in leading culture
- Explaining the business model and the key risks
3. Planning ahead
- Key documents to review
- Examining Board minutes through the eyes of the FCA
- Identifying what concerns may be raised
- The interview style and content – example questions
4. Common areas where remedial action is required
- Examples from recent visits
- The role of the Board in making sure actions are taken
- On going relationships - building and maintaining
To Book this event please call or email Jenny Spur on 0207 764 0721, email@example.com or download the booking form.
BP&E Global - Because Board Performance Matters