The FCA and PRA have issued a series of policy statements and consultation papers described as part of the regulators' "continued focus on culture
" and "designed to reinforce the importance of individual accountability at the most senior level of organisations
". Key steps include confirmation of the rules on regulatory references
and proposals to extend the conduct requirements to NEDs
, issue guidance on 'The Duty of Responsibility'
, to enhance whistleblowing obligations on UK branches of foreign banks
and review the position of the Legal function
in relation to the SMCR.
You can keep up to date with the latest developments and implications for Senior Managers at our focused half day seminar: Regulatory Expectations of Approved Persons and Senior Managers
The FCA has published it's business plan for 2016/7
and listed 7 priority themes: pensions, financial crime and anti-money laundering, wholesale financial markets, advice, innovation and technology, firms’ culture and governance, and the treatment of existing customers. Major work programmes also include developing a policy to extend the Senior Managers and Certification Regime to all FSMA firms and launching the 'Regulatory Sandbox' to give firms a safe space to test innovative products and services.
For a potentially dry subject the session was very enjoyable
The review of our T&C scheme carried out by CTP really tested our controls and showed us how to make the approach more efficient in a practical and business focused context.
- Scottish Widows
Very timely, excellent content, covered a lot in a short time.
- GE Money
Presenter made dull subject interesting and entertaining.
- Hermes Fund Managers
CTP provided us with a versatile range of training services from e based testing to technical modules and skills training for our advisers and sales management. They work quickly to satisfy deadlines and think creatively to achieve sustainable results.
- Scottish Widows
A very interesting presentation and presenter encouraged good group discussion.
- Talbot Underwriting
Good structure, content and pace of learning
- Clarke Roxburgh
Good supportive environment. Well done - good all round knowledge. Thank you.
- UK General Insurance Group
An excellent all round briefing with detail and in depth exploration where necessitated.
- Assurant Solutions
Informative and thought provoking. Course leader was knowledgeable and informative.
- Helm Godfrey
Pitched at appropriate level with good mix of tell and activity based learning
- Legal & General
A difficult subject communicated effectively and in a relaxed manner. Thank you.
A very succinct and highly knowledgeable explanation and presentation of the subject
Good overview of a difficult subject presented with energy.
- Novae Group
Excellent training seminar, pitched appropriately and delivered professionally
- Allianz Ireland
CTP very quickly got to grips with our requirements and tailored the course to meet our needs. We had a fantastic dialogue going with our management group.
- Assurant Solutions
A great speaker who knows his topic and made things easy to understand.
Very clear seminar with a practical slant
The trainer had superb knowledge of our company, our industry, the regulator and communicated in 'plain English'. There was no jargon. An excellent day!
- Legal and General
Excellent, engaging and knowledgeable course leader.
- Solo Capital
This was fantastic - I would not hesitate to go on another of these courses in the future. Thoroughly recommended. Very good -knowledgeable & approachable
- Liverpool Victoria
Excellent course, delivered exactly how I expected and I came out with some great ideas.
A well delivered course with excellent content.
- Sun Life Financial of Canada
Excellent course, useful practical tools given
- Co-operative Bank
"Trainer had excellent knowledge and made a difficult subject interesting."
- Standard Chartered Private Bank
Good course giving an understanding of the topic very well. Very useful.
- Barbican Managing Agency
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Tel: 0330 303 9779