Preparing for FCA and PRA Supervisory Visits

Workshop overview:

For many firms, a supervisory visit can be very stressful, with senior executives feeling the pressure across all sectors. That’s because the regulators have focused their attention on the leaders of financial firms and particularly, how they have responded to Covid19’s impact and the latest Consumer Duty regulation.

Many executives have already experienced this increased pressure, some very publicly.

Individuals will now be held to account.
Senior managers must understand and fulfil a ‘Duty of Responsibility’.
Parent companies of regulated subsidiaries now face tougher controls.
Judgement-based supervision means it’s harder to predict regulator behaviour.
And the repercussions of compliance failures are more severe.

Surviving a regulator’s visit is now more difficult than ever. But with expert insight and smart preparation, you can make it much easier.

Delegates will return to work with a much clearer understanding of systems and processes. They will be able to allocate valuable time and effort more efficiently.

Learning outcomes:

Determine how ready your firm is for an FCA/PRA visit / interview
Learn what you can expect from the interaction (including questions)
Anticipate who in your firm is most likely to be interviewed
Predict what client activities you may want to monitor
Understand current “hot topics” and how they will influence a visit
Prepare for questions the regulator(s) is likely to ask

Interested in taking any of our workshops in-house?

Whether you are seeking to upskill your team, enhance productivity or foster a culture of continuous learning, we can deliver customised training programmes designed to meet your specific needs. If you have an enquiry, you can complete the in-house form and our training team will be in touch with next steps.

IN-HOUSE TRAINING

Area of expertise:

Commercial finance Prudential risk, reporting and tax

Stephen Fairclough

FSTP

With over 20 years training experience in financial services, Stephen is well placed to support you across a range of consultancy and developmental ac...

With over 20 years training experience in financial services, Stephen is well placed to support you across a range of consultancy and developmental activities. He is a former Head of Education for HSBC covering the UK and Europe, responsible for regulatory and financial crime related compliance learning, and has first-hand experience of meeting logistical deadlines complicated by volume, complexity and geography. His time at HSBC was during intense scrutiny from regulators and government functions during the bank’s Deferred Prosecution Agreement.

With other roles ranging from advising customers within a high-street retail branch, to Senior Vice President responsible for Global Risk & Compliance training at a US-based bank, Stephen’s range of experience is adaptable to your business. He also worked in the Insurance Firms division at the Financial Conduct Authority (in the FSA days) where he was the divisional expert for the rules and outcomes required under the Training & Competence handbook. Stephen won the Thomson Reuters award for “Most Effective Compliance Training at a Regulated Firm” in 2010.

The HSBC role, along with five years at Barclays in their Private Clients and Wealth functions, has seen Stephen work with retail, commercial, wholesale and private banking channels. While enjoying the design and delivery of training to an audience either live or virtually, Stephen can also work with your compliance, HR and operational teams to build or enhance your learning framework, ensuring appropriate systems, controls, checks and balances are in place to withstand any robust regulatory scrutiny, as well as delivering sustainable commercial benefits to your business.

Senior managers or those who are preparing for appointment for these roles.

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Preparing for FCA and PRA Supervisory Visits

Workshop overview:

Learning outcomes:

Interested in taking any of our workshops in-house?

Stephen Fairclough

Preparing for FCA and PRA Supervisory Visits

Event details

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