Individual Accountability: Extending The ‘Senior Managers And Certification Regime’ (SM&CR)
Name of course: Individual Accountability: Extending The ‘Senior Managers And Certification Regime’ (SM&CR)
Course start date: 19/09/18
Course end date: 19/09/18
Venue detail for course: Jurys Inn Birmingham, 245 Broad Street, Birmingham, B1 2HQ Brief summary of course:In response to the 2008 banking crisis and other conduct failings, the government set up the Parliamentary Commission for Banking Standards (PCBS) to improve conduct standards in the banking sector. PCBS recommended a new accountability framework focused on senior management.Government brought forward PCBS recommendations and in December 2013 Parliament passed legislation leading to the FCA and Prudential Regulation Authority (PRA) applying the Senior Manager and Certification Regime (SM&CR) to the banking sector on 7 March 2016. Parliament passed further legislation in May 2016 extending SM&CR to all firms, which are authorised to provide financial services under FSMA, this includes consumer credit firms.
background and rationale behind the SM&CR
The Senior Managers Regime
The Certification Regime
The Duty of Responsibility.
Costs: Members £320
Phone Number: 01274 714959
Website Address: https://www.ccta.co.uk/non-member/non-member-training/