Since the financial crisis, the FSA’s attention has been on prudential issues such as capital adequacy and liquidity. Remuneration policy has also been an area of considerable focus. More recently, however, these initiatives have been supplemented by a focus on training, competence, ethics and culture.
The FSA's Sheila Nicoll, Director of Conduct Policy, said:
"Competence and ethics are key elements of our regulatory regime and we have increased our scrutiny of individuals working in the financial services industry over the last few years.
“Ultimately it is in a firm’s commercial interest to recruit, train and retain good quality individuals but regulation ensures that standards of competence and ethics are maintained at an appropriate level.
“We have designed proposals to enhance consumer protection by strengthening our competence and approved persons requirements. We want to see firms operating robust training and competence schemes and individuals demonstrating good standards of ethical behaviour.”
This half-day workshop will explore the FSA’s competence and approved persons requirements, ensuring your firm provides robust training and promotes ethical behaviour.
Participants will leave this workshop with an understanding of:
- The regulator's requirements for training and competence
- How to ensure that the right people take responsibility
- How to design an effective system to ensure both initial and ongoing competence
The programme will include:
- The FSA's requirements for training and competence
- How to put a good training and competence process in place
- The division of responsibilities for training and competence
- What does a good corporate culture look like?
- Key questions to ask when assessing your firm's culture and ethical stance
Who should attend?
This half-day will be of interest to senior and middle management responsible for:
- Remuneration
- Compensation
- Rewards and benefits
- Training
- Human resources
- Risk
- Compliance
- Personnel
- Policy
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