Conduct and accountability in financial services :: a practical guide /
"Are you fully prepared for the implementation of the Senior Managers and Certification Regime across financial services firms and the related regulatory scrutiny on conduct and accountability? The 2008 financial crisis sparked major changes in global financial services regulation with attentio...
Gespeichert in:
Hauptverfasser: | , |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Haywards Heath :
Bloomsbury Professional,
2018.
|
Schriftenreihe: | Bloomsbury professional
|
Schlagworte: | |
Online-Zugang: | Volltext |
Zusammenfassung: | "Are you fully prepared for the implementation of the Senior Managers and Certification Regime across financial services firms and the related regulatory scrutiny on conduct and accountability? The 2008 financial crisis sparked major changes in global financial services regulation with attention and resources focused on the behaviour of firms and senior individuals and how they conduct their business. Regulatory reforms have been designed and implemented globally to address accountability and conduct in financial services. In the UK this has resulted in the Senior Managers and Certification Regime (SM & CR) being implemented across all FSMA-regulated firms. Conduct and Accountability in Financial Services: A Practical Guide provides comprehensive and expert guidance on how best to implement and comply with the SM & CR. In addition to acting as a guide to rule book requirements and regulatory expectations, it provides an in-depth look at the implications of the global focus on culture and conduct risk. A must-read text for all staff in UK financial services firms, professional associations, industry bodies, regulators, academics and advisers to financial services organisations, it covers: The context and regulatory basis for SM & CR including an overview of the development and roll-out of the regime Analysis of key changes from the previous 'approved person' approach Practical considerations for HR, internal audit and non-executive directors The increasing role of culture and conduct risk A practical overview of enforcement, penalties and learning lessons from enforcement actions Overarching principles of how to manage personal regulatory risk Regulatory relationship management The impact of technology An overview of related global developments Appendices with timeline, bibliography and a selection of other useful sources for senior managers Conduct and Accountability in Financial Services: A Practical Guide is on the syllabus reading list for the Regulation and Compliance exam offered by the Chartered Institute of Securities and Investments."--Bloomsbury Publishing. |
Beschreibung: | 1 online resource (xviii, 340 pages) : illustrations |
Bibliographie: | Includes bibliographical references and index. |
ISBN: | 9781526505231 1526505231 9781526505224 1526505223 1526505215 9781526505217 |
Internformat
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100 | 1 | |a English, Stacey, |e author. |0 http://id.loc.gov/authorities/names/nb2019016063 | |
245 | 1 | 0 | |a Conduct and accountability in financial services : |b a practical guide / |c Stacey English, Susannah Hammond. |
264 | 1 | |a Haywards Heath : |b Bloomsbury Professional, |c 2018. | |
300 | |a 1 online resource (xviii, 340 pages) : |b illustrations | ||
336 | |a text |b txt |2 rdacontent | ||
337 | |a computer |b c |2 rdamedia | ||
338 | |a online resource |b cr |2 rdacarrier | ||
490 | 0 | |a Bloomsbury professional | |
504 | |a Includes bibliographical references and index. | ||
520 | |a "Are you fully prepared for the implementation of the Senior Managers and Certification Regime across financial services firms and the related regulatory scrutiny on conduct and accountability? The 2008 financial crisis sparked major changes in global financial services regulation with attention and resources focused on the behaviour of firms and senior individuals and how they conduct their business. Regulatory reforms have been designed and implemented globally to address accountability and conduct in financial services. In the UK this has resulted in the Senior Managers and Certification Regime (SM & CR) being implemented across all FSMA-regulated firms. Conduct and Accountability in Financial Services: A Practical Guide provides comprehensive and expert guidance on how best to implement and comply with the SM & CR. In addition to acting as a guide to rule book requirements and regulatory expectations, it provides an in-depth look at the implications of the global focus on culture and conduct risk. A must-read text for all staff in UK financial services firms, professional associations, industry bodies, regulators, academics and advisers to financial services organisations, it covers: The context and regulatory basis for SM & CR including an overview of the development and roll-out of the regime Analysis of key changes from the previous 'approved person' approach Practical considerations for HR, internal audit and non-executive directors The increasing role of culture and conduct risk A practical overview of enforcement, penalties and learning lessons from enforcement actions Overarching principles of how to manage personal regulatory risk Regulatory relationship management The impact of technology An overview of related global developments Appendices with timeline, bibliography and a selection of other useful sources for senior managers Conduct and Accountability in Financial Services: A Practical Guide is on the syllabus reading list for the Regulation and Compliance exam offered by the Chartered Institute of Securities and Investments."--Bloomsbury Publishing. | ||
505 | 0 | |a 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 | |
505 | 8 | |a 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 | |
505 | 8 | |a 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? | |
505 | 8 | |a 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 | |
505 | 8 | |a 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 | |
588 | |a Description based on online resource; title from digital title page (viewed on May 07, 2020). | ||
650 | 0 | |a Finance |x Law and legislation. |0 http://id.loc.gov/authorities/subjects/sh85048259 | |
650 | 0 | |a Global Financial Crisis, 2008-2009. |0 http://id.loc.gov/authorities/subjects/sh2009003683 | |
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650 | 0 | |a Liability (Law) |0 http://id.loc.gov/authorities/subjects/sh85076398 | |
650 | 6 | |a Crise financière mondiale, 2008-2009. | |
650 | 6 | |a Responsabilité (Droit) | |
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author | English, Stacey Hammond, Susannah |
author_GND | http://id.loc.gov/authorities/names/nb2019016063 http://id.loc.gov/authorities/names/nb2019016064 |
author_facet | English, Stacey Hammond, Susannah |
author_role | aut aut |
author_sort | English, Stacey |
author_variant | s e se s h sh |
building | Verbundindex |
bvnumber | localFWS |
callnumber-first | K - Law |
callnumber-label | K1066 |
callnumber-raw | K1066 .E54 2018 HG173 .E54 2018 |
callnumber-search | K1066 .E54 2018 HG173 .E54 2018 |
callnumber-sort | K 41066 E54 42018 |
callnumber-subject | K - General Law |
collection | ZDB-4-EBU |
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 |
ctrlnum | (OCoLC)1090440180 |
dewey-full | 346/.082 |
dewey-hundreds | 300 - Social sciences |
dewey-ones | 346 - Private law |
dewey-raw | 346/.082 |
dewey-search | 346/.082 |
dewey-sort | 3346 282 |
dewey-tens | 340 - Law |
discipline | Rechtswissenschaft |
era | 2008-2009 fast |
era_facet | 2008-2009 |
format | Electronic eBook |
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id | ZDB-4-EBU-on1090440180 |
illustrated | Illustrated |
indexdate | 2024-11-26T14:49:33Z |
institution | BVB |
isbn | 9781526505231 1526505231 9781526505224 1526505223 1526505215 9781526505217 |
language | English |
oclc_num | 1090440180 |
open_access_boolean | |
owner | MAIN DE-863 DE-BY-FWS |
owner_facet | MAIN DE-863 DE-BY-FWS |
physical | 1 online resource (xviii, 340 pages) : illustrations |
psigel | ZDB-4-EBU |
publishDate | 2018 |
publishDateSearch | 2018 |
publishDateSort | 2018 |
publisher | Bloomsbury Professional, |
record_format | marc |
series2 | Bloomsbury professional |
spelling | English, Stacey, author. http://id.loc.gov/authorities/names/nb2019016063 Conduct and accountability in financial services : a practical guide / Stacey English, Susannah Hammond. Haywards Heath : Bloomsbury Professional, 2018. 1 online resource (xviii, 340 pages) : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier Bloomsbury professional Includes bibliographical references and index. "Are you fully prepared for the implementation of the Senior Managers and Certification Regime across financial services firms and the related regulatory scrutiny on conduct and accountability? The 2008 financial crisis sparked major changes in global financial services regulation with attention and resources focused on the behaviour of firms and senior individuals and how they conduct their business. Regulatory reforms have been designed and implemented globally to address accountability and conduct in financial services. In the UK this has resulted in the Senior Managers and Certification Regime (SM & CR) being implemented across all FSMA-regulated firms. Conduct and Accountability in Financial Services: A Practical Guide provides comprehensive and expert guidance on how best to implement and comply with the SM & CR. In addition to acting as a guide to rule book requirements and regulatory expectations, it provides an in-depth look at the implications of the global focus on culture and conduct risk. A must-read text for all staff in UK financial services firms, professional associations, industry bodies, regulators, academics and advisers to financial services organisations, it covers: The context and regulatory basis for SM & CR including an overview of the development and roll-out of the regime Analysis of key changes from the previous 'approved person' approach Practical considerations for HR, internal audit and non-executive directors The increasing role of culture and conduct risk A practical overview of enforcement, penalties and learning lessons from enforcement actions Overarching principles of how to manage personal regulatory risk Regulatory relationship management The impact of technology An overview of related global developments Appendices with timeline, bibliography and a selection of other useful sources for senior managers Conduct and Accountability in Financial Services: A Practical Guide is on the syllabus reading list for the Regulation and Compliance exam offered by the Chartered Institute of Securities and Investments."--Bloomsbury Publishing. 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 Description based on online resource; title from digital title page (viewed on May 07, 2020). Finance Law and legislation. http://id.loc.gov/authorities/subjects/sh85048259 Global Financial Crisis, 2008-2009. http://id.loc.gov/authorities/subjects/sh2009003683 Business enterprises Finance. http://id.loc.gov/authorities/subjects/sh85018286 Liability (Law) http://id.loc.gov/authorities/subjects/sh85076398 Crise financière mondiale, 2008-2009. Responsabilité (Droit) Business enterprises Finance fast Finance Law and legislation fast Liability (Law) fast Global Financial Crisis (2008-2009) fast (OCoLC)fst01755654 https://id.oclc.org/worldcat/entity/E39Qhp4vBbr3T8xBMDbJhDhGmm 2008-2009 fast Hammond, Susannah, author. http://id.loc.gov/authorities/names/nb2019016064 has work: Conduct and accountability in financial services (Text) https://id.oclc.org/worldcat/entity/E39PCFB6pHR8fmJK7k7cFYgxjC https://id.oclc.org/worldcat/ontology/hasWork FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=2987455 Volltext |
spellingShingle | English, Stacey Hammond, Susannah Conduct and accountability in financial services : a practical guide / 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 Finance Law and legislation. http://id.loc.gov/authorities/subjects/sh85048259 Global Financial Crisis, 2008-2009. http://id.loc.gov/authorities/subjects/sh2009003683 Business enterprises Finance. http://id.loc.gov/authorities/subjects/sh85018286 Liability (Law) http://id.loc.gov/authorities/subjects/sh85076398 Crise financière mondiale, 2008-2009. Responsabilité (Droit) Business enterprises Finance fast Finance Law and legislation fast Liability (Law) fast |
subject_GND | http://id.loc.gov/authorities/subjects/sh85048259 http://id.loc.gov/authorities/subjects/sh2009003683 http://id.loc.gov/authorities/subjects/sh85018286 http://id.loc.gov/authorities/subjects/sh85076398 (OCoLC)fst01755654 |
title | Conduct and accountability in financial services : a practical guide / |
title_auth | Conduct and accountability in financial services : a practical guide / |
title_exact_search | Conduct and accountability in financial services : a practical guide / |
title_full | Conduct and accountability in financial services : a practical guide / Stacey English, Susannah Hammond. |
title_fullStr | Conduct and accountability in financial services : a practical guide / Stacey English, Susannah Hammond. |
title_full_unstemmed | Conduct and accountability in financial services : a practical guide / Stacey English, Susannah Hammond. |
title_short | Conduct and accountability in financial services : |
title_sort | conduct and accountability in financial services a practical guide |
title_sub | a practical guide / |
topic | Finance Law and legislation. http://id.loc.gov/authorities/subjects/sh85048259 Global Financial Crisis, 2008-2009. http://id.loc.gov/authorities/subjects/sh2009003683 Business enterprises Finance. http://id.loc.gov/authorities/subjects/sh85018286 Liability (Law) http://id.loc.gov/authorities/subjects/sh85076398 Crise financière mondiale, 2008-2009. Responsabilité (Droit) Business enterprises Finance fast Finance Law and legislation fast Liability (Law) fast |
topic_facet | Finance Law and legislation. Global Financial Crisis, 2008-2009. Business enterprises Finance. Liability (Law) Crise financière mondiale, 2008-2009. Responsabilité (Droit) Business enterprises Finance Finance Law and legislation |
url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=2987455 |
work_keys_str_mv | AT englishstacey conductandaccountabilityinfinancialservicesapracticalguide AT hammondsusannah conductandaccountabilityinfinancialservicesapracticalguide |