Misc Flashcards
1
Q
Higs report…….
A
Non executive directors Sets foundations for NEDS Custodian of governance Get corporate governance structure Essential part of business
2
Q
Walker review…..
A
Government sponsored review Off the back of the credit crisis What went wrong/learnings Wide spread Failings with culture and regulators
3
Q
SMR ‘Senior management responsibilities’ under SMR 2016, what are the changes to be imposed?
A
SMR-replace significant influence functions.
Will include investment advisors and their supervisors.
Certification- all controlled functions and significant harm functions to be certified.
All responsible for their actions, will cover wider staff of authorised firms- accountability.
4
Q
Details of the salts report…..
A
Barclays failure Large expansion aim Brought failing overseas bank Incentivised focus Lack of governance Urgent change needed to change culture and values
