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SMCR – will you be ready for 9 December?
Jonathan Pepper

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.

Principle four – Banks undertake appropriate model validation and independent review activities to ensure sound model performance and greater understanding of model uncertainties
Alistair Hynd

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.

Principle three – Banks have implemented a robust model development and implementation process to ensure appropriate use of models
Jonathan Pepper

25 September 2018

Have you got a robust model development and implementation process and can you demonstrate it to the regulator?

Don't slip up around whistleblowing
Jonathan Pepper

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?

RSM strengthens financial services risk assurance capability with key partner hire
Jonathan Pepper

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.

Principle two – Firms should have an effective governance framework, policies, procedures and controls to manage their model risk
Jonathan Pepper

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.

Model risk

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?

The PRA’s model risk management principles – Principle one
Jonathan Pepper

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?

Model risk in stress testing
Jonathan Pepper

29 June 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?

SM&CR: how can we help

27 July 2017

We can offer a number of services to help firms implement the SM&CR or review clients SM&CR processes.

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