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Conduct and Accountability in Financial Services A Practical Guide.
"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 attentio...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
London :
Bloomsbury Publishing Plc,
2018.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Intro
- Preface
- Dedication
- About the authors
- Abbreviations
- Chapter 1 Context and drivers for the new accountability regime
- The financial crisis
- The financial crisis and the response: timeline of events
- Key parties in driving legislative and regulatory reform
- The Approved Persons Regime
- Need for accountability and the new regime
- Checklist
- Chapter 2 Key changes from previous regime
- Introduction
- 'Fit and proper'
- Honesty, integrity and reputation
- Competence and capability
- Financial soundness
- Due diligence and documentation
- Banking Standards Board
- 'Reasonable steps'
- Senior Manager Conduct Rules
- Effective control
- Compliance with relevant requirements and standards
- Delegation
- Cooperation with regulators
- Individual Conduct Rules
- Integrity
- Due skill, care and diligence
- Open and cooperative with regulators
- Treating customers fairly
- Proper market conduct
- Checklist
- Chapter 3 Specifics of the Senior Managers and Certification Regime as it applies to banks and large investment firms
- Introduction
- Who is a 'senior manager'?
- Senior Managers Regime
- Senior Management Functions
- Applying the regime to smaller firms
- Certification Regime
- 'Employees' subject to the Certification Regime
- Territorial scope
- PRA certification functions
- FCA significant harm functions
- Fit and proper
- Content of certificates
- Moving functions during the year
- What happens if the employee is not fit and proper?
- Emergency appointments
- Temporary UK role
- Checklist
- Chapter 4 Specifics of the Senior Managers and Certification Regime for insurers
- The new regime for insurers
- Scope of extended regime
- Which employees are impacted?
- What is changing for insurers?
- The Senior Managers Regime for insurers
- The Senior Management Functions
- Handover
- Duty of responsibility
- Prescribed Responsibilities
- Practical implementation
- Statements of Responsibilities
- Management Responsibilities Map
- The Certification Regime
- Who it applies to
- Certification functions
- Fitness and propriety requirements
- Regulatory references for senior managers and certified staff
- The Conduct Rules
- The Individual and Senior Manager Conduct Rules
- Training and notification
- Outsourcing under the SMR
- Checklist
- Chapter 5 Extension of SM&CR to (almost) all financial services firms
- Introduction
- What type of SM&CR firm will yours be?
- The Senior Managers Regime
- Statements of Responsibilities (SoRs)
- Duty of responsibility
- Prescribed responsibilities
- Fit and proper
- Certification Regime
- Conduct Rules
- How the Senior Managers Regime applies to limited scope firms
- How the Senior Managers Regime applies to core firms
- How the Senior Managers Regime applies to enhanced firms
- Transition between the Approved Persons Regime and SM&CR