The Workshop sessions include:
Outcome-driven and principles-based – drivers and practical consequences
- What are the attractions to regulators of principles-based regulation?
- Key objectives/main changes
- Where are the key regulators now, and what is the known timetable?
- What do institutions need to do, immediately and in the mid-term?
Benefits of the regime, senior management obligations and compliance risk appetite
- What does a mix of over-riding principles and fewer detailed rules mean in practical terms?
- How do the obligations of senior managers change, and what is their role in this?
- Decision-making and creating the culture, setting internal standards, personal liability and mitigation
- What level of compliance risk is acceptable, and how does the compliance function help senior management to define the appetite?
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