Since the Central Bank of Ireland proposed the introduction of the Senior Executive Accountability Regime and the broader Individual Accountability Framework, firms and individuals alike have been working hard to assess the changes required and the impact of the new regime on those affected. Due to the type and scale of the changes planned, this is likely to be one of the most impactful regulatory changes seen in recent years.
The recent consultation paper published by the Central Bank has clearly laid out what the new regulatory expectations will be and whilst firms digest both this document and the supporting guidance, there are still many firms and individuals looking to gain further clarity on how this will impact them. With the clock ticking towards the initial implementation dates, now is the time to start considering how you and your organisation could benefit from exploring how RegTech can support and streamline your accountability regime.
With more experience of SM&CR implementations in the UK than other RegTech supplier, why not join the Worksmart team as we discuss and debate the challenges that the new regime will bring to firms, and the lessons learnt from UK organisations who have now been subject to an accountability regime for some years now.
Whilst some aspects of the newly proposed regime/framework including SEAR, will initially only apply to certain regulated firms, others such as new conduct rules for certain individuals and business standards for firms will apply for all regulated firms. We will seek to discuss and debate all areas and engage with the audience for polling, commentary, Q & A’s and general observations and experience, so if you feel that you and your firm could benefit from the vast experience that the Worksmart team have built up in the UK, then join us for what will be a lively and open discussion.