Executive Briefing for SIFs 2

Essential Update for Significant Function Holders

The effectiveness of Boards, and the individuals who comprise and influence them, has become a key focus of FSA activity.

The FSA’s recent Consultation Paper on Effective Corporate Governance (CP10/3, issued on the 28th January 2010) is the regulator’s substantive response to the Walker Review. Its proposals will have significant implications for all regulated firms, and their senior management, who will need to make changes to their governance structure, recruitment policies and support for executive training.

This intensive 2 hour briefing provides a timely opportunity to examine the practical implications of these proposals for your boards and for you.

Who Will Benefit

This timely event has been designed specifically for Executive and Non-Executive Directors in Significant Influence Functions, to bring you fully up to date with the latest Treasury and FSA thinking in making the far reaching proposals issued on the 28th January 2010, and consider what these changes mean in practical terms.

What You will Take Away

Lead by Jayne Owen, an expert consultant, writer and facilitator on governance, board development and regulation, attending this event will enable you to:

• Establish what the proposals mean for your governance structure
• Understand the personal implications of the more intrusive vetting of SIFs' past history
• Know what the more detailed competence standards imply for future demands on your time
• Consider what additional Committees, Non-Executive or Executive responsibilities may result from the proposals
• Think through the responses your board may want to make to the consultation paper

Your Presenter: Jayne Owen FCIB, MCISI

Jayne has worked in regulation, in the asset management, private banking and retail sectors of financial services and as a compliance consultant to the industry with Ernst & Young. Since joining CTP five years ago, she has led numerous board events to help senior managers understand their responsibilities in relation to regulation and risk management. She uses a combination of regulatory knowledge and strong facilitation skills to enable delegates to gain the most from attending her training events.

Jayne’s commercial experience spans most aspects of financial services, from sales and marketing to finance, risk management, planning and operations. She therefore brings both a broad understanding of regulation and business acumen to bear on issues. She is often invited to speak at conferences and is regularly published on line and in various industry journals, discussing the practical implications of regulatory change on business performance and good governance standards.

Briefing Agenda

1. Background to the proposals
• What are the FSA trying to achieve?
• How do these proposals fit internationally?


2. The new Controlled Functions
• What they are and how far do they extend within the group and beyond
• Case studies - what will be appropriate for different types of firm?
• Non- Executives - how much time is enough?
• Key dates to take action


3. Intrusive supervision: the FSA’s approach
• Recruitment procedures and vetting of applicants
• Procedures when applications declined
• Impact on those already approved
• Competence and capability evidenced on an on-going basis


4. Responding to the Consultation Paper
• Key questions
• Responses already put forward and rejected
• Your timetable