You have implemented the first stage of your SM&CR project plan, now it’s time to take stock and ensure you have the vital next steps defined and under control.

On 9 December 2020, SMCR becomes Business As Usual– or BAU!

It’s vital that your firm has taken all steps needed to embed and promote a healthy culture. Are you sure that you know and understand the key culture indicators and how these are being measured?

A vital safeguard against consumer harm is a healthy, customer-centric culture at the heart of every firm.” Andrew Bailey, CEO, FCA.

SMCR is “Live”! But many firms continue to be daunted by the Regime’s perceived complexities, particularly as the repercussions for getting it wrong are potentially so severe.

 

You should now be asking, “How well are we doing?”

 

Don’t wait for the FCA to come and give you the answer!

 

Contact FSTP and we will evaluate your SMCR implementation to give you and your key stakeholder’s comfort that your firm is on track for making SMCR BAU from 9 December 2020.

 

The banking sector has been subject to SMCR since 2016, so we have supported numerous firms through implementing and embedding the Regime in the last 5 years. Many of these would admit that they did not allocate sufficient time, or resource to getting SMCR implemented within the given timeframes.

So the key message is:

Do not under estimate the amount of effort that’s still required to be ready for 9 December 2020.

 

If you’re looking for reassurance that your implementation of the Senior Managers Regime and / or the Certification Regime is being done properly, you are not alone.

 

We can provide you with as much or as little support as you need.

 

Contact us to discuss our unique Culture Assessment Process and any other support that will be of benefit to you and your firm.

To discuss next steps, please call us today on 0203 178 4230. Or email info@fstp.co.uk.

Please get in touch today. We’ll quickly discuss the challenges you’re facing and explain how we can help you.


0203 178 4230

info@fstp.co.uk


What we can do;

  • Review the actions your firm should have taken prior to 9 December 2019.
  • Identify and define any gaps
  • Make a qualitative assessment of core outcomes e.g. revised role profiles, statements of responsibilities, prescribed responsibilities, Certification criteria etc.
  • Undertake a high-level review of any policy and procedure changes in line with Conduct Rules requirements.
  • Make recommendations, if required, for remedial actions and next steps.
  • Create and deliver bespoke training and developmental solutions to close identified gaps.

Highly experienced consultants

We only provide sector specialists with experience at the highest levels in the industry. And with our finger constantly on the regulator’s pulse, you can expect knowledgeable and up-to-date advice.

We’re always easy to work with

This is often underrated, but it makes a difference. We quickly get a feel for your firm, working with not against your team. It means we get the job done without friction and without fuss.

Advice tailored to your business

You need consultants that get your business, not just financial firms in general. So we first understand the specific needs and nuances of your firm, resulting in more relevant, practical and effective support.