* Conduct and Accountability in Financial Services: A Practical Guide 2nd ed

NOT YET PUBLISHED

Provides comprehensive and expert guidance on how best to implement and comply with the Senior Managers & Certification Regime (SM&CR) as well as 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.

The second edition has been fully revised and updated and contains:

• An expanded chapter on technology in a post-pandemic hybrid world and given the heightened regulatory focus
• Analysis of the Financial Services and Markets Act 2023 and how it affects SM&CR
• Coverage of the new consumer duty
• Details of the impact of Brexit
• An overview of cryptocurrencies and cryptoassets
• AML/sanctions against a backdrop of the continuing conflict in Ukraine

A must-read text for all staff in UK financial services firms, professional associations, industry bodies, regulators, academics and advisers to financial services organisations.

This title is included in Bloomsbury Professional's Banking and Finance Law online service.

table of content

1. Context and Drivers for the Accountability Regime

2. Specifics of the Senior Managers and Certification Regime as it Applies to Banks and Large Investment Firms

3. Specifics of the Senior Managers and Certification Regime for Insurers

4. Extension of SM&CR to (Almost) all Financial Services Firms

5. Key roles in Embedding and Overseeing the SM&CR

6. Practical Aspects of Better Risk Mitigation

7. Practical Challenges to Overcome

8. Role of Culture and Conduct Risk

9. Other Areas Personal Liability Can Arise

10. Enforcement

11. Overarching Principles for How to Manage Personal Regulatory Risk

12. Regulatory Relationship Management

13. Technology

14. Overview of Related Global Developments

Appendices