Senior individual accountability under the UK regulatory regime ? keeping the regulator at bay (Fully Booked)
Wed 23 Jul 14 at Macfarlanes LLP, London

In the wake of harsh public criticism following the banking crisis, the Financial Conduct Authority (FCA) has promised to hold more senior individuals to account. In practice, this means bringing formal enforcement actions against those perceived to be culpable of regulatory wrongdoing within an authorised firm. To assist with this objective, we are witnessing a discernible increase in the number of attestation requests being made by the regulator – commonly, where a specified individual is required to provide a prescribed confirmation in writing to the FCA. Never before have members of boards and senior management teams been under such scrutiny and weight of regulatory expectation.

This session will address how regulated individuals might help themselves, in practice – to minimise the prospect of adverse regulatory interest, which can often take a matter of years to play out. Areas to be covered will include:

  • Relevant regulatory framework deciphered
  • Attestation assurance
  • Culture
  • Regulatory insight and understanding: where is the regulator 'coming from'?
  • Regulatory dialogue and correspondence: reading between the lines
  • When to challenge, when to concede
  • Recent case studies

The session will afford plenty of opportunity for questions and audience interaction.

David Berman
Partner at Macfarlanes

David leads the firmís financial services group. He joined Macfarlanes in 2009 as a as a partner, specialising in the financial services regulatory field. Prior to joining the firm, David was a managing director at an international investment bank, where he held a number of complementary senior level roles in legal, compliance and front office functions.

David has a wide range of financial services regulatory and compliance experience and advises a variety of financial institutions (buyside, sellside and intermediaries) on financial services regulatory issues.

Neil Sweeney
Global Head of Compliance, Aberdeen Asset Management
David Cooper
Head of Compliance, Cenkos Securities
When and where?

Wednesday 23 July 14

Registration: 17:30
Event: 18:00 - 19:00

Macfarlanes LLP, 20 Cursitor Street, London EC4A 1LT
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Nearest tube station
Chancery Lane
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Member - £¬£0
Non-member - £¬£50

This is eligible for 1.00 CPD hour