The Senior Managers Regime has received a multitude of press coverage over the past month due to the announcement of additional rules (and the broadening of the existing rules) by Mark Carney, governor of the Bank of England, in his speech last Month. The 'final rules' were released at the beginnning of the month in CP15/22 Strengthening accountability in banking. The rules establish Carney's aim is to create a ‘culture of accountability’ by introducing precautionary, precise and punishable measures.
Catch up with the latest news on the SMR below, or read our summary here.
Read MoreActually, I had W10 installed in a preview back in January and found some very annoying bugs that made me uninstall it and go back to W8.1. Finally (and it looks like it is literally finally as they say this is the last version of Windows ever) I reinstalled the real W10 on the 29th July... And realised much to my surprise that the bugs that made me uninstall it were still there.
Read MoreThe consultation paper CP15/22 Strengthening Accountability in Banking, details the new changes to the Senior Managers and Certification Regime. These are mostly clarifications following some confusion over the rules, but there are also a few alterations and additions. Highlights are:
Read MoreThe last year has been particularly eventful when it comes to banking scandals and fines. We've taken a closer look at the number of fines and their values that have been handed out since the beginning of 2014.
Click below to see our FCA Fines dashboard.
Read MoreAs far as we are concerned, the answer to both of these questions is YES, so let’s explain why, starting by defining what we mean by each of these different indicators.
Read MoreThe scope of the SMR was last month extended beyond banking and insurance workers to thousands of asset managers, hedge fund managers and other professionals in the fixed income, commodity and currency markets. Last week, the rules were extended once again to include individuals dealing with clients and algorithmic traders. Does this now include you? Read on to find out how you can prepare for the SMR with StratexPoint.
Read MoreIn Part 4 of our Business Case for ERM series, we will detail the 3 three crucial advantages of our Enterprise Risk Management solution that your CIO **will want** to know about.
Our ERM solution will...
Read MoreIn Part 3 of our Business Case for ERM series, we will detail the 3 three main benefits of our Enterprise Risk Management solution that your CRO **will want** to know about.
Our ERM solution will...
Read MoreThe last 3 – 5 years has seen significant growth in the number of risk and compliance roles within Financial Services. Alongside the growth in the number of roles, there has been a significant increase in salary costs of risk and compliance professionals. The growth in the number of roles is showing no signs of slowing down; according to a recent Financial Services employment Outlook for 2015 report from Michael Page recruitment, salaries are forecast to grow a further 10% – 30% during 2015.
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