Conduct and accountability in financial services : a practical guide /: a practical guide. (2018)

• Record Type: Book
• Further Information: Note: Stacey English, Susannah Hammond.
• Authors: English, Stacey; Hammond, Susannah
• Contents: Intro -- Preface -- Dedication -- About the authors -- Abbreviations -- Chapter 1 Context and drivers for the new accountability regime -- The financial crisis -- The financial crisis and the response: timeline of events -- Key parties in driving legislative and regulatory reform -- The Approved Persons Regime -- Need for accountability and the new regime -- Checklist -- Chapter 2 Key changes from previous regime -- Introduction -- 'Fit and proper' -- Honesty, integrity and reputation -- Competence and capability -- Financial soundness -- Due diligence and documentation Banking Standards Board -- 'Reasonable steps' -- Senior Manager Conduct Rules -- Effective control -- Compliance with relevant requirements and standards -- Delegation -- Cooperation with regulators -- Individual Conduct Rules -- Integrity -- Due skill, care and diligence -- Open and cooperative with regulators -- Treating customers fairly -- Proper market conduct -- Checklist -- Chapter 3 Specifics of the Senior Managers and Certification Regime as it applies to banks and large investment firms -- Introduction -- Who is a 'senior manager'? -- Senior Managers Regime -- Senior Management Functions Applying the regime to smaller firms -- Certification Regime -- 'Employees' subject to the Certification Regime -- Territorial scope -- PRA certification functions -- FCA significant harm functions -- Fit and proper -- Content of certificates -- Moving functions during the year -- What happens if the employee is not fit and proper? -- Emergency appointments -- Temporary UK role -- Checklist -- Chapter 4 Specifics of the Senior Managers and Certification Regime for insurers -- The new regime for insurers -- Scope of extended regime -- Which employees are impacted? -- What is changing for insurers? The Senior Managers Regime for insurers -- The Senior Management Functions -- Handover -- Duty of responsibility -- Prescribed Responsibilities -- Practical implementation -- Statements of Responsibilities -- Management Responsibilities Map -- The Certification Regime -- Who it applies to -- Certification functions -- Fitness and propriety requirements -- Regulatory references for senior managers and certified staff -- The Conduct Rules -- The Individual and Senior Manager Conduct Rules -- Training and notification -- Outsourcing under the SMR -- Checklist Chapter 5 Extension of SM&CR to (almost) all financial services firms -- Introduction -- What type of SM&CR firm will yours be? -- The Senior Managers Regime -- Statements of Responsibilities (SoRs) -- Duty of responsibility -- Prescribed responsibilities -- Fit and proper -- Certification Regime -- Conduct Rules -- How the Senior Managers Regime applies to limited scope firms -- How the Senior Managers Regime applies to core firms -- How the Senior Managers Regime applies to enhanced firms -- Transition between the Approved Persons Regime and SM&CR
• Publisher Details: Haywards Heath : Bloomsbury Professional
• Publication Date: 2018
• Extent: 1 online resource (xviii, 340 pages), illustrations
• Subjects: 346/.082; Finance -- Law and legislation; Global Financial Crisis, 2008-2009; Business enterprises -- Finance; Liability (Law); Business enterprises -- Finance; Finance -- Law and legislation; Liability (Law); Electronic books
• Languages: English
• ISBNs: 9781526505231; 1526505231; 9781526505224; 1526505223; 9781526505217; 1526505215
• Related ISBNs: 9781526505200
• Notes: Note: Includes bibliographical references and index.; Note: Description based on online resource; title from digital title page (viewed on May 07, 2020).
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.