A Practitioner's Guide to Individual Conduct and Accountability in Financial Service Firms

Author: Jane Walshe; Peter Snowdon
Publisher: Sweet & Maxwell U.K.
ISBN: 9780414050730
Published In: June 2016
Format: Paperback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents

Details

A Practitioner's Guide to Individual Conduct and Accountability in Financial Service Firms provides detailed and practical guidance on the new rules governing the conduct and behaviour of individuals in financial institutions due to come into force in 2015 as a result of the Financial Services (Banking Reform) Act 2013.

Dealing with the entire scope of the new rules, from obtaining approval through to supervision, enforcement and liability, separate chapters address the different classes of individual covered by the new regime.

Explains the new FCA and PRA rules as they apply to all types of regulated institution, including banks, insurance companies, investment management houses
Covers regulation of both approved and non-approved persons
Looks at the reasons behind the overhaul of the previous regime
Analyses important recent cases that illustrate the regulator’s approach to enforcing the Code of Practice for Approved Persons, such as Pottage and Kumagai
Features checklists and examples of good and poor practice
Sets out sample statements of responsibilities and certificates which will be required for senior persons under the new regime
Covers whistleblowing and its implications
Includes the regulation of conduct of individuals in foreign institutions with UK branches
Goes through the reshaping of remuneration regulation designed to incentivise better behaviour

Introduction
Regulatory environment The senior managers and certified persons regime: conduct rules for those working in banks and PRA regulated proprietary trading firms
Insurance firms, governance and Solvency II
Conduct rules for non-banking financial services firms
Obtaining approval
Supervision, enforcement and individual liability
Whistleblowing
Employment contract issues/ overlap with employment law
Directors’ duties under company law.