Virtual seminar - UK individual accountability in financial services: Themes, trends and challenges

Thu 21 Mar

9:00 am to 10:00 am (UK time)

Sarah Hitchins - Litigation & Investigations, Allen & Overy, Partner - Profile

Robbie Sinclair - Litigation Employment, Allen & Overy , Partner - Profile

Marc Teasdale - A&O Consulting, Allen & Overy, Managing Director - Profile

Olivia Kendall-Martin - A&O Consulting, Allen & Overy, Manager - Profile

Synopsis: Individual accountability issues remain a top priority for the UK financial services regulators. Although the Edinburgh Reforms cast some short-lived doubt over the future of the Senior Managers and Certification Regime (SMCR), the last 12 months have provided no shortage of developments – ranging from the first two enforcement cases to tackle the issue of “reasonable steps” for Senior Managers, to proposed new rules and guidance about DE&I and assessing the regulatory consequences of non-financial misconduct. In our annual webinar on UK individual accountability themes and trends, Sarah Hitchins, Robbie Sinclair, Marc Teasdale and Olivia Kendall-Martin will share their insights into: • the latest trends in the regulators’ approach to assessing applications for Senior Manager approvals, including approaches to authorisations interviews; • key governance trends impacting firms’ approaches to their SMCR arrangements, including the appointment of Senior Managers located overseas; • insights into the regulators’ enforcement appetite and approach to investigations involving individuals subject to the SMCR; • key practical lessons learned from recent enforcement cases focusing on Senior Managers and their “reasonable steps”; • handling employee misconduct, including through individual accountability reviews; • the regulators’ DE&I proposals, with a particular focus on their proposals in relation to the regulatory consequences of non-financial misconduct; and • employment litigation risks, including examples of the types of actions employees have issued, or threatened to issue, over the last 12 months in the High Court and Employment Tribunal. Whether you work in Compliance, Employment, ER, HR, Investigations, Legal, Risk or dedicated individual accountability teams, there will be takeaways from this session to assist with the day-to-day operation and management of the SMCR.

This seminar qualifies for 1 CPD point/s

If you have any queries please email

Refer a colleague

Return to list of seminars

Please enter your name, your colleague's name and your colleague's email address.