Earlier this year, the FCA proposed SMCR reforms in an effort to reduce the administrative burden of the regime.
Yet the reality is this: while requirements may shift, regulators’ expectations of strong governance, clear accountability and demonstrable conduct oversight are not changing.
In fact, a less prescriptive regime increases the burden on firms to evidence how their internal controls work in practice – and to prove that their processes are robust and consistent.
In this webinar, experts from Comply, Trailight and Jupiter Asset Management explore how organisations can maintain confidence in their accountability frameworks, and what best-in-class conduct risk oversight looks like in a world where internal processes – not regulatory box ticking – may carry more weight.