FourthLine's recent SM&CR webinar features an interview with leading expert John Chrimes as we discuss the regulation before implementation date for FCA solo regulated firms.
The Senior Managers & Certification Regime (SM&CR) comes into effect for FCA solo regulated firms from December 9th 2019, with full roll out required by December 7th 2020. It will replace the existing Approved Persons Regime (APER) with the aim to increase individual accountability of senior managers within the UK financial services industry. It was born from the 2008/09 Financial Crises, and other scandals such as PPI mis-selling and the LIBOR rigging examples. It came into effect for retail banks from 2016 and for insurers from 2018, with implementation required for FCA solo regulated firms from December this year.
This webinar with John Chrimes (SM&CR expert) and Fahim Miah (Head of Learning at Fourthline) provides an investigation of the new regulations, and how they apply specifically to Investment Banks and other FCA solo regulated firms.
The webinar covers the following:
- How did we arrive at SM&CR?
- What are the three regimes that make up SM&CR
- What to watch out for when implementing SM&CR
- Understanding your new Duty of Responsibility