The Lion That Bit: SMCR in 2020
In November 2019, the Bank of England’s Prudential Regulation Authority fined Citigroup’s UK entities a total of nearly £44 million. Starting the new year with a bang, the regulatory lion continues to bare its teeth, with Goldman Sachs and Morgan Stanley both receiving a Section 166, and the Financial Conduct Authority sending a warning shot to Asset Management CEOs that governance standards in the sector were well “below their expectations’.
What lies ahead in 2020?
So are you exposed, and what steps can be taken to ensure you start the year on the best possible basis — outside the lion’s jaws? Find out about the likely ways SMCR will evolve, and how you can ensure compliance in both letter and spirit by joining our webinar.
27 February│ 0830
Degrees of Freedom: SMCR and its role in Subsidiary Governance
More and more firms are wrestling with issues of subsidiary governance, struggling with where the true decision making power lies in their group structure. This has a significant impact for the role of the board, and for the effective and compliant reporting of decision making under SMCR – something that remains in the regulatory spotlight.
Find out how the Board Intelligence ‘Degrees of Freedom’ framework can be applied to documenting and evidencing decision making, how an entity can assert itself under SMCR, and what this means for board reporting.
28 April│ 0830
Going Global:The Long Arm of the SMCR
With the drive for greater individual accountability showing no signs of stopping, SMCR’s global march continues in 2020, with Ireland set to join the ranks of Singapore, Hong Kong, Australia and South Africa in putting regulation at the heart of good governance in Financial Services firms.
Find out what is next for SMCR in the UK and beyond, and how you can stay ahead of the curve, ensuring that UK governance and reporting reflects international best practice.