02 September 2019
By the 9th December 2019 all solo-regulated firms will have to be compliant with the FCA’s new Senior Manager & Certification Regime (SMCR) and with the SMCR stocktake report published by the FCA last month (FCA SMCR Stocktake Report) it’s clear that conduct, culture and accountability are still firmly in the spotlight.
01 November 2018
As with the other three principles, the PRA gives sound, common sense guidance overall but leaves a lot of practical matters untouched and questions unanswered.
25 September 2018
Have you got a robust model development and implementation process and can you demonstrate it to the regulator?
12 September 2018
Historically, whistleblowing and policies around it has been more embedded in financial services than other industries, with FCA requirements around an 'effective risk management system' outlining policies and procedures around whistleblowing and the whistleblower themselves. But are firms adhering to the FCA handbook to pay lip service, or are incidents being taken seriously?
15 August 2018
Leading audit, tax and consulting firm RSM has appointed Rob Gordon as a risk assurance partner to lead its financial services internal audit and assurance offering in London and the South East.
15 August 2018
As with all risks within a financial institution, model risk requires a framework within which it should be managed. This involves robust governance, policies, procedures and controls in place to manage model risk. At all levels of the organisation, those involved in creating, using, overseeing and controlling models have a part to play.
03 August 2018
PRA supervisory statement on model risk in stress testing for financial services organisations. How to comply, what are the principles and what do you need to do?
27 July 2018
PRA supervisory statement on Model risk in stress testing for financial services organisations. How to comply, what does principle 1 mean for you what do you need to do?
27 July 2017
We can offer a number of services to help firms implement the SM&CR or review clients SM&CR processes.