Mismanagement of conduct risk can lead to financial and reputational loss for the firm.
This very practical one day session conducted by a senior City expert will equip you with a strong understanding of conduct risk and its implications for non-compliance. You will learn about regulator’s approach as well as best practices in the UK, EU and internationally.
This very practical one day session conducted by a senior City expert will equip you with a strong understanding of conduct risk and its implications for non-compliance. You will learn about regulator’s approach as well as best practices in the UK, EU and internationally.
Course Content
Regulatory Background and ScopeUK Regulatory Objectives (FCA and PRA Approach)
- EU Commission Objectives (ESMA and local regulators)
- Approach to Conduct Risk
- Firms and Legal Entities in Scope
- Operations/Transactions in Scope
- Intersection with other regulations - SMCR/SEAR, MIFID II/MAR, IFPR and IFR/IFD, FCA Consumer Duty
- Systems and Controls
Internal and External Risk Assessment
- Governance and Controls
- Culture and Behaviours - Financial and Non-Financial Conduct
- Mitigation of Market, Customer, Industry Harms
- Industry Scenario - Conduct Risk Framework for an Asset Manager
Remuneration and Performance
- SMCR and Prescribed Responsibility/ Individual Accountability
- Inherent Risk - AML, PEP, Sustainability
- External Risk - Market and Industry Harms and Mitigation
- Consumer Duty and Treating Customers Fairly (TCF)
- CASS and Conduct Risk - Conflicts of Interest, Misselling
- IFPR and SMCR Material Risk Takers (MRT) and Conduct Risk
- Metrics and Monitoring
- Industry Scenario - FCA Conduct Investigation of a Lender/Investment Bank
MIFID II - Suitability and Appropriateness, Governance and Organisational Requirements
- MAD/MAR - Market Abuse Governance and Monitoring
- IFR/IFD - Risk Governance, Remuneration and Conduct Principles
Monitoring Conduct within Global Markets and Broker/Dealers - Industry Scenario
- Conduct Risk for Governing Board, Senior Managers, Material Risk Takers - Industry Scenario
- Product Manufacturers and Distribution - Monitoring of Conflicts of Interest, Insider Dealing
- Asset Managers, Asset Servicing, and Custody - Identifying and Monitoring Conduct Risk - Industry Scenario
- Conduct Risk Policy and Procedures for various BNYM operations
- Regulatory Horizon Scanning and Next Steps
Speaker
The trainer is an industry advisor and regulatory expert with over 20 years of experience in investment banking, asset management and Regulatory Technology (RegTech). He is an industry expert in Financial Regulation, RegTech, Open Banking, Digital Payments and Payments Systems and cover all the key banking and finance regulations across US, EMEA and APAC including MIFID II, EMIR, CASS, SFTR, IFR/IFD, Dodd Frank, FINMA (SIX), HKMA MAS and SFC, IBOR Transitions, SMCR, and ESG Regulations such as SFDR.His recent key engagements include banks such as HSBC, Deutsche Bank, JP Morgan and Barclays and buy side firms such as T. Rowe Price, Ruffer, M&G and Investec Asset Management. He is also a member and advisor of Industry association committees for regulatory consultations with bodies such as ESMA, FCA, PRA/Bank of England and SEC.
