Upcoming SMR workshops

The proposed framework introduces a number of new challenges for banks while also exacerbating some of the issues banks are already finding difficult, including:

  • defining reporting lines and apportioning responsibilities
  • introducing and embedding appropriate and effective management information
  • recruiting and retaining the right people
  • increased documentation requirements.

 

In response to these challenges the BBA will provide banks with a comprehensive programme of face-to-face SMR workshops.  All are designed to support you as you implement the requirements of the new regime. We will ensure that each workshop, delivered by BBA Approved Trainers, is practical, interactive and applicable to your challenges. We also provide resources after the workshop to support you in making changes and embedding the learning.

From September 2015 BBA will deliver specific workshops on the following issues:

05/10/2015 – Creating your SMR Transitional Map

This workshop will cover:

  • Why a firm should have an SMR Transitional Map
  • How a firm/individual creates one
  • What the Map should look like
  • Who within the business should be involved in creating it
  • The key elements of the Map
  • The best sequence for the transition steps

 

08/10/2015 – Undertaking your SMR Responsibility Mapping

This workshop will cover:

  • The definition of Responsibility Mapping
  • Why you need to do it
  • The regulatory requirements in this area
  • How a firm might approach the Mapping task
  • The impact on your existing CF holders
  • How to map with no gaps
  • How to prepare your information for regulatory approval
  • How and when the PRA/FCA will look at Responsibility Mapping within your firm

 

09/10/2015 – Writing your Statements of Responsibilities

This workshop will cover:

  • The definition of Statements of Responsibility
  • Why do you need these Statements?
  • Who needs to be given them?
  • What the regulatory authority is trying to achieve through Statements?
  • What is a shared Statement of Responsibility?
  • What is a divided Statement of Responsibility?
  • What Statements should contain
  • How small or large should they be?
  • How do I know when I have got it right?

 

26/10/2015 – An introduction to holding a Senior Management Function under the new SMR

This workshop will cover:

  • What is the new Senior Managers Regime?
  • Why the regulator has introduced it
  • The implications for individuals of the new regime
  • The new SMFs and who they are for
  • Prescribed Responsibilities
  • How the SMF affects you
  • How your responsibilities will be defined
  • The opportunities for individuals to shape the SMF
  • The implications from a regulatory perspective

 

16/11/2015 – How to assess and evidence Fitness and Propriety

This workshop will cover:

  • What does Fitness and Propriety mean?
  • Why is it so important?
  • To whom does it apply?
  • When does it apply?
  • Who is responsible?
  • The elements that make up F & P
  • What process(es) should I follow?
  • What records must I keep?

 

23/11/2015 – Recognising and addressing SMR/CR breaches using technology

This workshop will cover:

  • What counts as a breach of the SMR rules?
  • To whom do breach rules apply?
  • To whom must I report a breach?
  • Timescales for reporting
  • How will I know when I have a breach?
  • The role of technology in managing this area
  • What options are open to me?
  • What processes might I need to manage this area?