Conduct and Accountability in Financial Services: A Practical Guide - Softcover

Stacey English; Susannah Hammond

Softcover

ISBN 10: 1526505207 ISBN 13: 9781526505200

Publisher: Bloomsbury Professional, 2018

Synopsis

Are you fully prepared for the implementation of the Senior Managers and Certification Regime across financial services firms and the related regulatory scrutiny on conduct and accountability?
The 2008 financial crisis sparked major changes in global financial services regulation with attention and resources focused on the behaviour of firms and senior individuals and how they conduct their business. Regulatory reforms have been designed and implemented globally to address accountability and conduct in financial services. In the UK this has resulted in the Senior Managers and Certification Regime (SM&CR) being implemented across all FSMA-regulated firms.

Conduct and Accountability in Financial Services: A Practical Guide provides comprehensive and expert guidance on how best to implement and comply with the SM&CR. In addition to acting as a guide to rule book requirements and regulatory expectations, it provides an in-depth look at the implications of the global focus on culture and conduct risk.

A must-read text for all staff in UK financial services firms, professional associations, industry bodies, regulators, academics and advisers to financial services organisations, it covers:

• The context and regulatory basis for SM&CR including an overview of the development and roll-out of the regime
• Analysis of key changes from the previous `approved person' approach
• Practical considerations for HR, internal audit and non-executive directors
• The increasing role of culture and conduct risk
• A practical overview of enforcement, penalties and learning lessons from enforcement actions
• Overarching principles of how to manage personal regulatory risk
• Regulatory relationship management
• The impact of technology
• An overview of related global developments
• Appendices with timeline, bibliography and a selection of other useful sources for senior managers

About this title

About the Author

Stacey English is head of regulatory intelligence for Thomson Reuters with 20 years of regulatory compliance, risk and audit experience in financial services as a regulator and practitioner.

Susannah Hammond is senior regulatory intelligence expert for Thomson Reuters with more than 25 years of wide-ranging compliance, regulatory and risk experience in international and UK financial services.

Edition details

• Publisher: Bloomsbury Professional
• Publication date: 2018
• Language: English
• ISBN 10: 1526505207
• ISBN 13: 9781526505200
• Binding: Paperback
• Number of pages: 360