Best Practices in SMCR Implementations
Several banks who have gone through the initial SMCR implementation are now looking to enhance their own existing approach by reflecting on past experiences, sharing insights, learning and optimising. In addition to these banks, the drive for Extension firms to get ready for SMCR has been triggered by the recent flurry of consultation papers, upcoming closure of the consultation period and the pending policy statements due in the summer of 2018. All of which is stimulating the insurers and asset managers, in particular, into concerted action around SMCR preparation.
With this increasing momentum and given the fundamental adjustments and changes that organisations must make to accommodate SMCR, it is widely acknowledged that organisational readiness, implementation planning / optimisation and technology usage for process support are vitally important for all firms to explore, understand and leverage. Especially when considering how to tackle reasonable steps.
This FREE breakfast seminar, designed to help all financial services companies with their existing or future SMCR implementations, will discuss and tackle the key issues from a very practical perspective, offering and sharing lessons learned from the banks, explaining SMCR implementation best practices, proposing technology requirements and enabling participation in an expert-led Q&A discussion.
David Blunt, Head of Conduct Specialists in Supervision, FCA : Accountable executive for the FCA’s priority of governance and culture at firms, including the extension of the senior managers and certification regime to all authorised firmsAndrew Grant, Programme Director: Currently Andrew is responsible for the implementation of key Regulatory and Compliance change initiatives (including SMCR) with a major UK headquartered, global bank
Cosette Reczek, Managing Director, Permuto Consulting Ltd. : Previously Cosette established and ran HSBC’s Individual Accountability Regime Management Office and recently helped a major UK bank and various financial services companies to develop their reasonable steps framework
Huw Price, Director of Risk and Compliance, Santander Asset Management UK : Huw has 25 years of experience in financial services in major Asset Management, Life Insurance and Investment Banking businesses
Dan Ridler, Director of consulting, BCS : Over the last 2 years Dan has helped several financial services clients with SMCR organisational readiness, best practice implementation and the establishment of a reasonable steps framework
Speakers will cover best practices in SMCR implementations, including:
- Reflections on implementation lessons from banking
- Implementation planning, timelines and best practices
- Ensuring organisational readiness
- Technology support for the automation of the regime
- How to establish a reasonable steps framework
- A panel discussion and Q&A session
Date: 28 March, 2018
Cornhill and Threadneedle Private dining rooms,