10/07/2015 – Culture and Conduct: Implementing the FCA Agenda

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WeAreTheCity is partnering with City & Financial Global for this event.

The publication of the Fair and Effective Markets Review Final Report, which was published earlier this week by the FCA, BoE and HMT, has made it clear that the UK regulators are expecting firms to develop much more sophisticated conduct risk measurement and monitoring techniques than those currently being used. Their comments in FEMR are very likely to be developed in the FCA’s forthcoming thematic review into culture, which will develop the concept of more forward-looking conduct risk measurement and monitoring techniques, using more effective indicators and based on industry-wide collaboration.

We are therefore delighted that Martin Wheatley, CEO, Financial Conduct Authority, has agreed to give one of the keynote addresses at City & Financial’s forthcoming summit, ‘Culture and Conduct: Implementing the FCA Agenda’, which is being held in London on 10th July. The FCA will also be fielding a senior executive to talk about its approach to enforcement in relation to culture and conduct.

Keynote Speakers

Culture and conduct event -speakers

Other confirmed speakers include:
  • James Bardrick, UK Country Officer, Citi
  • Tom Gosling, Partner and Head of UK Reward Practice, PwC LLP
  • Angela Hayes, Partner, King & Spalding LLP
  • Richard Hill, Executive Director, Centre for Compliance and Trust, Cambridge Judge Business School
  • Penny Judd, Head of Compliance, EMEA, Nomura
  • Mary O’Connor, Global Head of Financial Institutions, Willis Group
  • Jon Pain, Group Head of Conduct and Regulatory Affairs, RBS
  • Teresa Poy, Chief Compliance Officer, Legal & General Investment Management
  • Michael Roemer, Group Head of Compliance, Barclays
  • Randal Tajer, Global Head of Compensation & Benefits, Nomura
  • Niamh Higgins, Director of Regulatory Compliance, UK & Western Europe, RSA Group

Culture and conduct are two of the most hotly debated terms in the financial services industry at present. It is no longer sufficient merely to comply with the rules. The FCA now expects firms to take responsibility for establishing an ethical culture that entrenches good conduct throughout the firm, from top to bottom, together with effective conduct risk management systems.

In its Business Plan 2015/16, the FCA announced that it would conduct a new thematic review on whether culture change programmes are driving the right behaviour, with a particular focus on remuneration, appraisal and promotion decisions of middle management, as well as how concerns are reported and acted on. The onus will be on regulated firms to prove that their conduct risk frameworks and control systems actually work in practice.

The summit programme tackles the key issues from a very practical perspective. In addition to examining what the FCA actually expects from firms in relation to having the right culture and appropriate standards of conduct, the programme covers:

  • The role of the Banking Standards Board
  • The responsibilities of industry leaders in establishing an appropriate culture
  • The role of boards, NEDs and senior managers in relation to conduct standards
  • How transitioning to the Senior Managers and Certification Regimes will impact behavioural norms
  • Key elements of good business conduct
  • Creating incentives and remuneration structures that support a positive culture
  • Performance monitoring and review of cultural change programmes
  • How training and education can assist in implementing cultural change
  • Establishing a fair whistle-blowing regime which protects employees

Attendance at this highly topical event will be invaluable for the senior management of all FCA regulated firms, including banks, asset managers and insurers. It will also be of particular interest to heads of compliance, heads of operations, heads of legal, heads of internal audit and heads of training and education, as well as members of the advisory community, such as lawyers and accountants.

Event Details
  • When: 10/07/2015 @ 08:15 – 17:15
  • Where: Cavendish Conference Centre, 22 Duchess Mews, Marylebone, London W1G 9DT
  • Cost: £545.00 | Please quote CC1WATC when registering (for booking tracking purposes)
Contact Details

For further information, including the full programme, please visit the event website here.

Please quote CC1WATC when registering (for booking tracking purposes)

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