PRACTICAL WORKING GROUP: Individual Accountability Regime: 10 Do’s and Don’ts to Satisfy the Regulators and Still Protect Your Firm And its Staff

November 24, 2015 4:00pm

Simon Morris
CMS Cameron McKenna

The new regime for individual responsibility at banks and major broker dealers creates new responsibilities and significant new areas of regulatory and litigation risk. The Working Group will cover the following hugely topical areas:

  • The overall architecture and likely impact of the new regime
  • Best practice for firms in establishing new systems and controls
  • Senior managers – how they will be affected
  • Documenting responsibilities – what to state and what to avoid
  • Reversal of burden of proof – practical steps to safeguard against the new risks
  • Certified and conduct staff – the duties, the oversight and the training
  • The impact on employment rights – what it is and how best to manage
  • Some golden rules – 10 do’s and don’ts to satisfy the regulators and still protect your firm and its staff