Course Code
- DG
Venue
- City of London
CPD Credits
- 2
The regulator is about to knock on your door. Your firm and your senior team will likely come under intense scrutiny. Are you prepared?
For many firms this is a very stressful time, with senior executives feeling the pressure across all sectors. That’s because the PRA and FCA have focused their attention on the leaders of financial firms.
Many executives have already experienced this increased rigour, some very publicly.
- Section 166 and enforcement actions are up on last year
- The FCA has new threshold conditions and stronger statutory powers
- Parent companies of regulated subsidiaries now face tougher controls
- Judgement-based supervision means it’s harder to predict regulator behaviour
- The repercussions of compliance failures are more severe
Surviving a regulator’s visit is now more difficult than ever. But with expert insight and smart preparation, you can make it much easier.
So join us for this fast-paced, highly practical two-hour executive briefing:
- Determine how ready your firm is for a PRA/FCA visit
- Learn what you can expect from the visit (including actual questions asked)
- Anticipate who in your firm is most likely to be interviewed
- Predict what client activities they may want to monitor
- Understand current hot topics and how they’ll influence your visit
- Be prepared for any question the regulator throws at you
- Understand the risk of receiving a s166 order
Essential training, packed with value
Be prepared for anything
If you’ve experienced an FCA or PRA visit in the past, you’ll know just how tough these sessions can be. Instead of hoping for the best, this course helps you prepare for the worst.
Learn to answer tough questions
Firms focus on what questions the regulator may ask, but often neglect to adequately prepare answers. We give you real-life examples on how to respond so you clearly demonstrate your responsibilities under principle 11.
Identify your weaknesses
Gain valuable insight to help you spot compliance gaps in your firm, so you can get back to the office and close them before the regulator visits.
Avoid last minute stress
We help you think smartly and get prepared for an impending visit from the regulator. Instead of frantic, last minute panics you’ll take a calmer, more measured approach.
Use your resources more efficiently
Return to the office with a much clearer understanding of which systems and processes need your attention, allowing you to more efficiently allocate valuable time and effort.
The Course Agenda
The PRA/FCA’s powers and approach:
- The regulator’s statutory powers
- The new threshold conditions
- The effect of the supervisory approach
- What information is being requested of firms?
- A reminder of SIF responsibilities
Analysing high risk areas:
- Corporate governance standards
- Your business strategy: realistic, sustainable and clear?
- Risk management: its efficacy (with emphasis on risk management, not simply risk measurement)
- A brief look at over 60 (yes, sixty) conduct risks
- Independence and objectivity of audit, compliance and risk management functions (including the parent/group)
- Culture, ethics, and SIF fitness and competence
Preparing for a regulatory interview:
- Clearly articulating your business and its model
- Explaining your levers of control
- Learn interview ‘dos and don’ts’
- Management Information – How is it used and what is it telling you?
- Understanding your “3 Lines of Defence”
- Critically self-assess your RMP
Meet The Tutor
Simon Griffiths
Associate
Simon’s professional background covers financial management, corporate treasury and risk management. His experience has been gained across a number of industry sectors including banking, publishing, IT, retail and manufacturing. During the last 14 years Simon has held a number of senior positions within the retail and commercial banking sector.
Simon became an independent trainer, consultant and lecturer in 2015 and his current areas of interest include enterprise risk management, regulatory compliance and corporate governance.
Who is this course for?
This short, focused briefing has been designed for:
- CEOs
- Senior Executives
- Executive/Non-executive Directors
- Heads of function
'An excellent summary of a demanding, wide-ranging and fast-changing topic'
Non-executive Director
Independent Financial Advisors
Training that makes a difference
Experienced engaging trainers
With first-hand industry knowledge and an intimate understanding of the regulatory environment, we always guide you with an expert (and friendly) hand.
Packed with relevant information
We know you’re busy, so we’re careful not to waste a minute of your time. Our training courses are fast paced, insightful and filled with valuable information.
Get personalised attention
Sessions are practical workshops not PowerPoint lectures. All courses are limited to no more than 14 attendees, so we’re able to explain concepts in the context of your business.
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City of London