Is SM&CR working?
The SM&CR review was announced as part of the Edinburgh reforms towards the end of 2022, with HM Treasury indicating that “some...
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Blog
Priscilla Gaudoin
- Feb 24
Are you ready for the Consumer Duty?
Following the initial milestone of 31st October 2022, the FCA reviewed a sample of the implementation plans from some of the larger firms...
354
Priscilla Gaudoin
- Jan 23
CAR 2022: What should you focus on?
The Irish Client Asset Regulations (the CAR) were introduced to inspire public confidence and protect investors if an investment firm...
161
Priscilla Gaudoin
- Sep 6, 2022
SM&CR: an update for FMIs
UK Government issued a consultation paper last year setting out its proposals to replicate the Senior Managers & Certification Regime...
66
Priscilla Gaudoin
- Aug 12, 2022
Trustees: The September deadline is looming. Are you ready?
From the 1 September 2022, most trusts will need to be registered with HMRC. There are a few exceptions. This follows a 12-month...
79
Priscilla Gaudoin
- Aug 8, 2022
How can we improve corporate governance?
The term corporate governance was introduced during the 80s and 90s to describe best practices for listed companies. It followed the...
159
Priscilla Gaudoin
- Mar 16, 2022
Assess & Prove Competence
The Senior Managers & Certification Regime (SM&CR) was first introduced in 2016 for banks and then phased in until it was finally...
25
Priscilla Gaudoin
- Mar 8, 2022
Manage Risk & Stay Out of the Headlines
Managing regulatory risk should be a priority for regulated firms, but how well does a board understand its obligations? How does a board...
30
Priscilla Gaudoin
- Nov 8, 2021
Operational Resilience: Why is it so important for insurers?
Like banks, insurers operate on a large scale and globally, but by their very nature, insurers are exposed to more risks than the average...
84
Priscilla Gaudoin
- Oct 29, 2021
Has SM&CR made a difference?
The Senior Managers & Certification Regime (SM&CR) for insurers took effect in December 2018. As part of the Solvency II regime,...
30
Priscilla Gaudoin
- Oct 13, 2021
How to demonstrate control over Master Trusts
The UK’s Pension Schemes Act 2017 and Occupational Pension Schemes (Master Trusts) Regulations 2018 introduced the concept of a master...
21
Priscilla Gaudoin
- Sep 21, 2021
UK SOX: Why We Need Reform
In 2002, the USA implemented the Sarbanes Oxley Act (SOX). It caused quite a stir at the time due to the time and effort required to...
94
Priscilla Gaudoin
- Sep 15, 2021
Accountability in Financial Services
Since the financial crisis of 2008 regulators worldwide have been introducing reforms to improve individual accountability within firms. ...
103
Priscilla Gaudoin
- Aug 17, 2021
Operational Resilience: Why Setting International Standards is Crucial
We’re all aware that operational resilience requires an holistic view of a firm’s operations. The Financial Services industry operates...
21
Priscilla Gaudoin
- Aug 10, 2021
Creating Resilient Payment Services
This was the view of the Payment Systems Regulator (PSR) back in 2015 when the PSR was still relatively new. Six years later and it’s...
15
Priscilla Gaudoin
- Aug 2, 2021
FMIs, Get set for SM&CR
HM Treasury issued a consultation earlier in July. The proposals signal HMT’s intention to extend the Senior Managers & Certification...
41
John O'Dwyer
- Jul 21, 2020
HR & Compliance – Bridging the Gap in SMCR
Since the introduction of the Senior Managers and Certification Regime (SM&CR), it has been interesting to see how and where firms have...
106
John O'Dwyer
- May 19, 2020
SMCR Responsibilities – Documenting Risks and Controls
In light of the turbulence caused by the Covid-19 pandemic, SMCR may have been pushed down the priority list for most firms for now. The...
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