ICFR Forum: Financial Regulation – Implications for Learning & Development
02 Feb 2010
On Tuesday 2 February 2010, the ICFR hosted a breakfast forum on "Financial Regulation – Implications for Learning & Development"
London, UK
On Tuesday 2 February 2010, the ICFR hosted a breakfast forum on "Financial Regulation – Implications for Learning & Development" focusing on senior management and board level competence. This event tackled the training needs especially regarding risk management.
According to a number of surveys, risk management has overtaken accounting as the major topic for management at financial institutions. The Committee on European Banking Supervision (CEBS) CP24 and the Walker Review outlined competency requirements at senior management and board level especially with respect to risk management. The European regulators and the FSA are working on draft proposals and will publish proposals and consultations in early 2010. In the US, government and regulators are discussing the question of governance and competencies.
The objective of the forum discussion was to:
1. Understand what perceived gaps in key competencies have led to calls for new regulation.
2. Determine compliance, training and human resource implications of proposed and forthcoming requirements. Define the role of HR compliance and risk-management functions in addressing competency in their organisation.
3. Discuss potential options and solutions.
Further Resources
Detailed Agenda
8:30 Registration and breakfast
9:00 Welcome
9:05 Discussion
- How will the regulatory proposals be translated into recommendations, rules and actions?
- What will regulators specifically expect regarding competencies for senior management and board level? What will be different in Europe and the UK?
- What will be the role for the compliance and risk-management functions in addressing competency in organisations?
- How will banks reflect the relevant training needs into a targeted syllabus to reinforce key competencies especially for independent directors, senior management, risk-management and compliance? How can the training function ensure senior management buy-in?
11:00 End of event
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