The FCA Focus on Conduct
Since its inception just over a year ago, the Financial Conduct Authority (FCA) has put conduct at the heart of UK financial services regulation, viewing cultural and behavioural change as a crucial step in the restoration of trust at both a firm and industry level.
Clive Adamson, Director of Supervision at the FCA, recently summarised the FCA’s approach with the words:
“Essentially we are about making markets work so that retail consumers achieve fair outcomes and wholesale markets operate with integrity – if these can be achieved then trust will be restored.”
The Conduct Challenge
Bringing about behavioural change is challenging. Eukleia’s Conduct Risk awareness courses are designed to help firms to bring about that change by:
- Defining Conduct Risk
- Explaining the role that the management of Conduct Risk plays in the restoration of trust
- Discussing how Conduct Risks can arise across the firm
- Examining the part that all employees play in Conduct Risk management
- Providing a framework for thinking, acting and escalating concerns in the right way
- Enabling the learner to put this framework into practice in through a range of exercises.
The new courses are now included in the Eukleia course catalogue. Click on the links below to access the course pages, where you can request free trial access, or else please get in touch via our contact page.
Eukleia Training also presented a recent breakfast briefing on the topic of Conduct Risk, and a video presentation of that briefing is available here