Using Data to Monitor Employee Conduct in the Wake of Bonus Cap Increases
As Bonus Caps Increase, So Could Risk Barclays recently became the first major British bank to significantly raise the bonus caps for its senior…
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Global Accountability & Competency
Accountability regimes have increased globally by 300% over the past five years. Meet this new wave of regulation head-on with software that fortifies accountability, training, and competency of your employees.
Individual Accountability Regimes
Although each regime has established its own unique set of terms and underlying expectations, the result remains the same; to strengthen individual accountability across an organization to mitigate risk and identify red flags sooner. Across each regime, the primary expectations remain relatively the same:
- A detailed and documented outline of functions and responsibilities mapped to Senior Executives.
- The ability to produce an audit trail and effectively report on all of the above.
- A fit & proper assessment and certification of your employees who are carrying out controlled functions within your business.
- A clear record of breaches related back to the conduct rule that are enforced through annual attestations.
- Robust Reasonable Steps processes to record what Reasonable Steps your Senior Executives are taking to mitigate the risk of breaches occurring.
- Robust training and education to support the execution of responsibilities and foster a strong set of cultural values.
Accountability & Competency Solutions
Ensure you comply with the Financial Conduct Authority’s (FCA) guidance on the Senior Manager & Certification Regime (SMCR).
Establish and maintain a reliable Individual Accountability and Conduct program to guarantee compliance with the Monetary Authority of Singapore’s (MAS) regulations.
Be certain you’re going to be able to comply with the Central Bank of Ireland’s (CBI) guidance on the Individual Accountability Framework (IAF).
Guarantee your firm complies with the latest guidance on the Banking Executive Accountability Regime (BEAR) and the Financial Accountability Regime (FAR).
Develop a culture of compliance, drive firm-wide adoption, and protect your firm’s reputation with a solution that builds trust and certainty.
EVERYTHING YOU NEED
E-Books, Checklists & More
Visit our extensive library of IAR resources for actionable advice and best practices related to specific regimes, including SMCR, IAC, IAF, and FAR.
Trusted by firms around the world
Drive Efficiency And Reduce Risks
Our award-winning solution simplifies operational processes, and supports greater efficiency and accuracy, whilst reducing costs and risk. It enables traceability and gives you confidence that you’re meeting your regulatory requirements.
Clarity of requirements and what you need to do
Confidence you’re always up to date
Comprehensive and proactive governance and oversight
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