The Individual Accountability regulations (SM&CR) have been in place for the banking sector since March 2016. Knowing that the FCA plans to widen the scope of the regulation to the entire financial services sector in 2019, the London Institute of Banking and Finance (LIBF) was keen to know how its members were preparing.
Having collaborated with LIBF in the past and knowing that Worksmart had great experience of SM&CR in banking, LIBF asked Worksmart to collaborate on a survey of its members. LIBF and Worksmart drafted a survey which LIBF sent to its members in late 2017. Together, LIBF and Worksmart analysed and wrote up the results. The survey produced some very interesting results. To read the full article, click the link below;
LIBF, with worksmart's support, have used these results to inform their programme of activites to help members be fully ready for when the regulation, 'lands' in 2019. Whilst the full programme of activities for later in the year is still to be designed, the initial sessions have been confirmed. For more information, click the links below;