SM&CR has been part of the regulatory landscape for Banking & Insurance for 5 years now and much less so for FCA solo regulated firms. But even some banks and insurance firms remain uncertain around how best to align the requirements within their organisations and evidence suggest that remains the case for many solo regulated […]
The Senior Managers & Certification Regime (SM&CR) has been with us for some time now, and as a result expectations are changing. The regulatory focus will be around firms providing assurance around the operational effectiveness of the regime as opposed to achieving initial implementation. For instance, would you be confident if either the FCA or […]
The Senior Managers & Certification Regime (SM&CR) has been with us for some time now, and as a result expectations are changing. The regulatory focus will be around firms providing assurance around the operational effectiveness of the regime as opposed to achieving initial implementation. The FCA has made it clear that the Senior Manager and […]
With the implementation deadline of the 10th September 2021 having now passed, firms should be considering how they will be managing the Monetary Authority of Singapore (MAS) Accountability Regime as part of their day to day regulatory routines. Join the Worksmart team for a lively and informative session as we consider this newly introduced Individual […]
The deadline passed in September 2021 for the MAS accountability regime to be implemented and this upcoming webinar is continuing the discussion on how RegTech can help firms meet the principles of this regimes. Join the Worksmart team for a lively and informative session as we consider the Individual Accountability & Competence Regime (IAC) in […]
The Senior Managers & Certification Regime (SM&CR) has been with us for some time now, and as a result expectations are changing. The regulatory focus in 2022 continues to be around firms providing assurance around the operational effectiveness of the regime as opposed to achieving initial implementation. The FCA has made it clear that the […]
SM&CR – not just a cost to your firm but the cornerstone for ensuring ‘conduct, culture and accountability’. No doubt that over the last 18 months you have heard the FCA talk regularly about becoming a more data led regulator. Nikhil Rathi (CEO) has been driving through a project to ensure that the FCA is […]
SM&CR has been with us as an industry since 2016 now for those in Banking & Insurance and 2018/19 for Solo Regulated firms. How has it been for you? When launched the FCA focused in on four key areas of change that they were expecting the regime to deliver against namely:- More effective senior managers […]
The newly published Consumer Duty (CD) is a topic on everyone’s agenda right now with boards being required to approve their firm’s implementation plans by the end of October 2022. However, as all-consuming as it might feel, with proper planning, ensuring compliance with the new higher standards doesn’t need to be a burden to you […]
Due to unforeseen circumstances, this event has now been postponed but we look forward to sharing the new date with you very soon. This is more than the usual at The Mortgage Conference...... Worksmart are proud sponsors of the next Annual Mortgage Conference brought to you by LIBF in conjunction with Legal & General. There’ll […]
On 9 December 2022, the UK Chancellor of the Exchequer announced a package of reforms to the UK financial services sector, known as the “Edinburgh Reforms”. The aim of these reforms is to support the government’s ambitions for the UK to be the “world’s most innovative and competitive global financial centre.” There are a total […]
Now that the FCA’s plans for the new Consumer Duty have started to sink in, firms are now getting to grips with what they need to accomplish by July 31st. However, whilst there is a lot of discussion about the new principle for business, cross-cutting rules and new conduct rules, there appears to be very […]