The document summarizes the Individual Accountability Regime introduced in the UK banking sector in 2016 to increase accountability following the 2008 financial crisis. It holds senior managers personally responsible for failures, requires banks to assess the fitness of employees, and subjects most staff to new conduct rules. The regime represents a major reform of individual regulation in the UK banking industry based on recommendations from the Parliamentary Commission on Banking Standards.
Check out these speeding facts and advice from the DVLA. Did you know that accumulating more than 6 points, within two years of passing your test, could lead to your licence being revoked?
Soi cau xo so mien bac thu 7 ngay 3 10-2015bongkem395
Soi cầu dự đoán XSMB hôm nay ngày 03-10-2015
Cầu Lotto đẹp nhất ngày 03/10/2015
28,82,09,90,08,80,26,62,29,92,
69,96,24,42,12,21,18,81,19,91
Cầu 2 nháy đẹp nhất ngày 03/10/2015
Check out these speeding facts and advice from the DVLA. Did you know that accumulating more than 6 points, within two years of passing your test, could lead to your licence being revoked?
Soi cau xo so mien bac thu 7 ngay 3 10-2015bongkem395
Soi cầu dự đoán XSMB hôm nay ngày 03-10-2015
Cầu Lotto đẹp nhất ngày 03/10/2015
28,82,09,90,08,80,26,62,29,92,
69,96,24,42,12,21,18,81,19,91
Cầu 2 nháy đẹp nhất ngày 03/10/2015
3.6.2015 järjestimme Konesali -ja tietoturvatapahtuma Best of Brainsharen asiakkaille ja kumppaneillemme.
Files Matter, edelleen. Novell Filr -ratkaisulla tehostat työntekoa, tiedonkulkua ja dokumenttien kommentointia. Jaat tärkeät asiakirjat ja dokumentit haluamillesi henkilöille ja annat heille oikeuden jakaa tiedostoja sinulle.
Filr on yritystason ratkaisu, joka yhdistää käyttäjät suoraan nykyisiin tiedostoihin ja mahdollistaa niiden jakamisen yrityksen sisäisille sekä ulkoisille käyttäjille. Se on palvelinarkkitehtuurin välttämätön laajennus, kun haluat tarjota nykyaikaisen, tietoturvallisen ja tehokkaan tiedostojen käytön kaikilla nykyaikaisilla päätelaitteilla.
Avoiding The Corporate Black Holes – A Finance PerspectiveMyCFO Services
Corporate black holes here imply those functions in the organization which are mostly cash suckers by nature, with dichotomous output possibilities wiz: be thrown in another universe with a chance to live a new life in another realm or disappear into oblivion without a true knowledge of what hit you. In this regard identifying the corporate black holes and being vary of being sucked into them before it is too late, would be boon a CFO would love to have in his quiver of strategies.
La soluzione per favorire la ricerca e lo sviluppo di nuove soluzioni è di investire in nuove forme di modus operandi con strategia e consapevolezza: ad esempio, investire nei nuovi strumenti di finanziamento, come i programmi di finanziamento europei diretti ed indiretti, i fondi della banca europea d’investimento (BEI); o come la formula di partnership pubblico-private (PPP); o come altre forme, tipo il crowdfunding o il venture capital.
IRM is the leading professional body for risk management. We drive excellence in managing risk to ensure organisations are ready for the opportunities and threats of the future. We do this by providing internationally recognised qualifications and training, publishing research and guidance, and setting professional standards. We are a not-for-profit body, with members working in all industries, in all risk disciplines and in all sectors around the world.
CEI Compliance is the UK's fastest growing regulatory consultancy and provides associate opportunities to consultants and cost effective value to financial services and other regulated companies.
In this edition of Regulatory Focus, the experts in Duff & Phelps’ UK Compliance and Regulatory Consulting team, provide a detailed synopsis of the latest news and publications issued by the Financial Conduct Authority during March 2018.
3.6.2015 järjestimme Konesali -ja tietoturvatapahtuma Best of Brainsharen asiakkaille ja kumppaneillemme.
Files Matter, edelleen. Novell Filr -ratkaisulla tehostat työntekoa, tiedonkulkua ja dokumenttien kommentointia. Jaat tärkeät asiakirjat ja dokumentit haluamillesi henkilöille ja annat heille oikeuden jakaa tiedostoja sinulle.
Filr on yritystason ratkaisu, joka yhdistää käyttäjät suoraan nykyisiin tiedostoihin ja mahdollistaa niiden jakamisen yrityksen sisäisille sekä ulkoisille käyttäjille. Se on palvelinarkkitehtuurin välttämätön laajennus, kun haluat tarjota nykyaikaisen, tietoturvallisen ja tehokkaan tiedostojen käytön kaikilla nykyaikaisilla päätelaitteilla.
Avoiding The Corporate Black Holes – A Finance PerspectiveMyCFO Services
Corporate black holes here imply those functions in the organization which are mostly cash suckers by nature, with dichotomous output possibilities wiz: be thrown in another universe with a chance to live a new life in another realm or disappear into oblivion without a true knowledge of what hit you. In this regard identifying the corporate black holes and being vary of being sucked into them before it is too late, would be boon a CFO would love to have in his quiver of strategies.
La soluzione per favorire la ricerca e lo sviluppo di nuove soluzioni è di investire in nuove forme di modus operandi con strategia e consapevolezza: ad esempio, investire nei nuovi strumenti di finanziamento, come i programmi di finanziamento europei diretti ed indiretti, i fondi della banca europea d’investimento (BEI); o come la formula di partnership pubblico-private (PPP); o come altre forme, tipo il crowdfunding o il venture capital.
IRM is the leading professional body for risk management. We drive excellence in managing risk to ensure organisations are ready for the opportunities and threats of the future. We do this by providing internationally recognised qualifications and training, publishing research and guidance, and setting professional standards. We are a not-for-profit body, with members working in all industries, in all risk disciplines and in all sectors around the world.
CEI Compliance is the UK's fastest growing regulatory consultancy and provides associate opportunities to consultants and cost effective value to financial services and other regulated companies.
In this edition of Regulatory Focus, the experts in Duff & Phelps’ UK Compliance and Regulatory Consulting team, provide a detailed synopsis of the latest news and publications issued by the Financial Conduct Authority during March 2018.
Helen Kelly, Head of the EU Competition and Regulatory Group and Simon Shinkwin, Solicitor in the EU Competition and Regulatory Group co-author the Ireland chapter of Getting the Deal Through: Telecoms and Media 2018.
Legal shorts 05.12.14 including Chancellor’s 2014 Autumn statement and FCA up...Cummings
Welcome to Legal Shorts, a short briefing on some of the week’s developments in the financial services industry.
If you would like to discuss any of the points we raise below, please contact me or one of our other lawyers.
Proposed amendments to the financial services bill sdj 21 06 12Simon Deane-Johns
A set of amendments I was asked to prepare for a cross-party group of Peers for their review of the Financial Services Bill. Explained further on The Fine Print: http://sdj-thefineprint.blogspot.co.uk/2012/06/innovation-meets-financial-services.html
Will the UK financial sector be changed for good this year?Browne Jacobson LLP
Included in The RMA Journal, May 2016 | Copyright 2016 by RMA
In the UK, the Parliamentary Commission on Banking Standards, which was established in the wake of the Libor scandal, attributes the sector’s failings to flaws at the heart of its culture. The commission’s key proposals - in its report 'Changing Banking for Good' - have resulted in a new senior managers regime and whistleblowing rules that come into force this year.
https://www.brownejacobson.com/about-us/news-and-media/published-articles/2016/03/will-the-UK-financial-sector-be-changed-for-good-this-year
2. Coming into force on 7 March 2016, the regime is intended to
address:
—— the ‘no-one to blame’ syndrome under which the regulators found it difficult to hold anyone
responsible for the collapse of the major banks during the financial crisis, and
—— the ‘no-one was supervising’ syndrome whereby traders and their managers participated in
widespread misconduct in relation to foreign exchange trading and index fixing.
The rules apply to all UK Banks, Building Societies, Credit Unions
and branches of foreign banks operating in the UK and requires
them to:
—— submit detailed documentation to the Regulators on the scope of Senior Manager responsibilities
and their allocation;
—— certify as fit and proper any individual who performs a significant harm function;
—— ensure that all persons subject to the conduct rules are notified of the rules that apply to them
and take reasonable steps to ensure that those persons understand how the rules apply to them.
About this course
The new regime comprises of three elements and through the use of interactivity, practical scenarios
and case studies as well as multiple choice quiz questions, the following modules have been created:
Module 1: The senior managers regime, aimed at holding senior managers personally responsible
for failings in their area.
Module 2: The certification regime, under which the bank (rather than the regulator)
is responsible for assessing the fitness and properness of a broad range of staff from senior managers
through to heads of control functions, risk takers down to customer advisers and traders;
Module 3: All other staff in a bank (bar 20 limited exceptions for ancillary staff) who will be subject
to conduct rules.
The new Individual Accountability Regime represents
the largest single reform for individual regulation
in the UK and is based on recommendations of the
Parliamentary Commission on Banking Standards.
E-learning by Law-Now™
3. Contact us today for further information
or to arrange a free demo of the course
Simon Morris
Partner
T +44 (0)20 7367 2702
E simon.morris@cms-cmck.com
Billy Bradley
T +44 (0)20 7367 3076
E billy.bradley@cms-cmck.com
Adam Moodie
Director, Law-Now E-Learning
T +44 (0)20 7367 2905
E adam.moodie@cms-cmck.com
Kajal Kavia
E-Learning Manager
T +44 (0)20 7367 3209
E kajal.kavia@cms-cmck.com
A short multiple choice quiz concludes each module.
Duration: Each module will take between 30-40 minutes to complete.
Additional Information
—— Course content and branding can be fully customised
—— Modules can be divide into smaller chapters if required
—— SCORM 1.2 compliant
—— compatible on most Learning Management Systems (LMS) for full tracking and reporting.
Course objectives
—— Introduction to the rules and what they involve
—— Clearly identifying job roles in an organisation
and how these rules apply
—— Fitness and propriety
—— Understanding the overarching Conduct Rules
and what they mean
www.cms-lawnow.com/elearning