SM&CR - The CEO's Perspective

This course is specifically designed and tailored for CEO's.

It will provide CEO's with a comprehensive overview of the proposed new regime; with particular focus on issues that are likely to be of most relevance and concern to CEO's. The course will cover SM&CR both from an individual and firm perspective.

Key Learning Objectives:

• To equip CEO's with a strong grounding and understanding of the SM&CR
• To identify likely practical considerations, issues and implications
• To highlight the role of the CEO in the context of SM&CR; and the FCA's expectations
• To identify areas of greatest exposure; and related risk management controls

13:00 Networking lunch

• A sandwich lunch will be provided and an opportunity for you to network with the trainer and other delegates

13:30 Backdrop to SM&CR

• Application
• Objectives
• Timeline to 'go live'

13:45 Proportionality and the ‘enhanced regime’

14:05 Individual accountability versus collective responsibility

14:15 Regulatory responsibility versus legal duties

14:20 Key features

14:20 FCA's general expectations of CEO's

14:50 A CEO's specific responsibilities under SM&CR

15:05 Avenues of personal exposure

• Delegation
• Non-compliance with rules and regulations

15:30 Break

15:45 Managing personal risk

• Reasonable steps
• Demonstrability / record-keeping
• Mind-set and priorities
• Appreciation of where the FCA 'is coming from'
• Responsibility cascade
• Approach to culture
• Case studies

17:00 Implementation practicalities

• Budget
• Senior management 'buy-in'
• Project team
• Oversight of project
• Control and governance implications
• Post-tenure exposure
• Lessons from the banks and regulatory feedback

17:30 End

CEO's

David Berman

David Berman, Partner at Latham & Watkins LLP. David is a pre-eminent authority on SM&CR, culture and governance; and author of 'Senior Individual Accountability in the Financial Services Arena – A Practical Guide' (Thomson Reuters, 2017); and 'Individual Accountability under the Senior Managers Regime’ (Thomson Reuters, 2016). David is one of the City's leading Financial Services Regulatory practitioners.

David advises many institutional asset managers and has extensive experience of assisting banking institutions with their SM&CR implementation projects. He regularly advises boards and senior management teams of asset management firms.

IA Member £375.00 +VAT
Non-Member £450.00 +VAT

Pay using a credit card online, or if you wish to be invoiced please email your full details to: Training@theia.org

PLEASE NOTE: Full payment for the course must be made prior to the course commencement date.

Any cancellation must be made in writing. For all cancellation received 15-30 days prior to the course start date, 50% of the course fee is still payable. No refund is given for a cancellation made 14 days or less prior to the commencement of a course. Transferring from one course to another is treated as a cancellation. You can substitute one delegate for another at no additional cost. In this instance, please give two business days’ notice.