Online Safety Community

How to test your firm's Compliance Program based on what the Regulators are Focusing on

The financial regulators publish a listing of their exam initiatives for the upcoming year. Financial advisers use this listing to anticipate what thinking the regulators bring into a financial year, which will have a major bearing on the financial industry. This listing offers financial advisers an idea of what to expect during a particular financial year.

For instance, taking off from the backdrop of the financial crisis of 2007 to 2009; the financial regulatory priorities listed out in a study carried out by Harvard included the following:

o  Increased capital regulation

o  Improved stress testing and capital planning

o  Regulation of the liquidity requirements

o  The need for learning the tools for regulatory migration across financial institutions

o  The authority the regulatory agencies have in regulating large financial institutions

These constitute the broad items of financial regulatory priorities. Financial advisers may use these financial regulatory priorities issued at a particular point of time to make assessments and calculations that help them arrive at decisions which they pass on to investors. However, different priorities emerge from time to time, simply because the financial situation is fluid and ever evolving.

Based on evolving priorities and situations

Financial advisers may make valuations and offer honest advice to investors about the financial markets, but these can be subject to flux. In the event of these changing goals and situations; it is not possible to arrive at black and white conclusions about the priorities.

Financial professionals and those who take their advice need to be fully alert to the happenings in the financial landscape if they have to arrive at the right decisions. How do they do that? What is the basis on which the exam initiatives need to be understood in order to facilitate sensible decision-making about finance?

Learning about how to understand exam initiatives

This is what a webinar from Compliance4All, a leading provider of professional trainings for all the areas of regulatory compliance, will be offering at a webinar. This webinar will have Lisa Marsden, IACCP, who is the President and Founder of Coulter Strategic Services. Coulter Strategic Services, which provides Financial Advisors and compliance consulting firms with compliance and project management services, as the speaker.

Please visit day to day tasks of financial compliance to enroll for this webinar and gain clarity in understanding the details set out in the regulatory exam initiatives.

Understanding how the priorities suit participants’ organizations

The speaker will explain what each financial industry participant needs to know about this year’s regulatory initiatives. She will highlight the importance of learning from priorities that are involved in the day to day tasks of financial compliance.

She will show how participants can learn the ways of reviewing the regulator’s annual priorities list and incorporating the priorities that relate to their own firm into their compliance program. The ways by which to test the specific areas and how to remediate any issues found, will be explained. Beyond the priorities, Lisa will also show how to find out what to expect from exams and how to test the suitability of the participants’ compliance program based on what the regulators are focusing on.

Lisa will cover the following areas at this webinar:

o  Learn how to gain access to the financial regulators priorities

o  Understand how to apply those priorities to your firm

o  Incorporate the priorities into your annual review

o  Distinguish which priorities need to become part of the Compliance Manual/Code of Ethics

o  Determine what your firm’s financial regulatory priorities should be

o  Other sources for annual priorities.

For more updates and Articles Click here

Views: 34

Comment

You need to be a member of Online Safety Community to add comments!

Join Online Safety Community

Take our poll!

Take our poll!

Latest Activity

Russel Stuart posted blog posts
13 hours ago
Nakul Pratap posted blog posts
14 hours ago
vinod kumar mvn is now a member of Online Safety Community
yesterday
Adam Fleaming posted a blog post

Why You Must Keep Carrying Out Risk Management Throughout Your Business [Lifetime]

What makes risk management critical? Well, business that comes with no risk is no business at all. It is like the side effect of a medicine. It is impossible to think of the medication without the side effects. Risk being inhered into a business and intricately woven into it; it is necessary to understand why you must keep carrying out risk management throughout your business’ lifetime. This places risk management right up there at the very top as among the most crucial elements of a…See More
yesterday

Forum

Workplace health and safety Signs 4 Replies

You cannot ignore the importance of safety signs at your workplace. There is no scope to underestimate the important to health and…Continue

Tags: Prohibition, Workplace, Warning, Signs, Safety

Started by healthandsafetysigns. Last reply by Jen McDade yesterday.

Jewellery policy - breakaway pins

Hello,Hopefully someone has come up against this, my employers have implemented a jewellery policy; its a bit over the top but they are keen on enforcing it.As is the tendency with anything…Continue

Tags: watches, heavy machinery, industry, Jewellery

Started by Brent Sep 10.

Secure Yourself From The Impending Danger 3 Replies

The most important thing in life is one’s protection against the impending dangers of life. While working or even at home we all feel the need to be safe because if we have good and safe life, only…Continue

Tags: coverings, Protective

Started by Enna Henry. Last reply by Jen McDade Sep 7.

How To Get The Safest Personal Protective Equipment? 2 Replies

Worried about the safety issues? Feeling a little concerned about the safety factors? Running a company and the safety problems are bothering you? Feel relaxed and look for the best safety solutions…Continue

Tags: equipment, protection, personal

Started by Enna Henry. Last reply by Jen McDade Aug 31.

Safety Books 1 Reply

Please view this brochure and let me know if you are ok with the condition before we can share full books of safety…Continue

Started by Binh, M.S, Grad.IOSH, MIIRSM. Last reply by Jen McDade Aug 31.

Badge

Loading…

© 2018   Created by Safety Community.   Powered by

Badges  |  Report an Issue  |  Terms of Service