UK Conduct Regime

Objectives

On completion of this tutorial, you will be able to:

• Recognise why there is a need for an enhanced conduct risk regime in the UK, and how conduct and culture are intrinsically linked

• Understand how Conduct Risk is defined and what the key drivers are

• Understand the key controls in place to monitor and measure conduct performance

• Recognize the key features of the individual accountability regime and how they affect individuals

Tutorial Overview

This tutorial provides an introduction to the UK conduct regime for financial services staff at all levels. It details who is responsible for conduct regulation and how those responsibilities are divided. Conduct is examined in terms of the key controls a firm must have in place to monitor and measure its performance as well as how both the PRA and the FCA approach the individual accountability regime. The information is pitched so that the tutorial is relevant to those with no experience of the UK conduct regime, although there is sufficient detail on product governance to make the tutorial useful to more senior managers as well.

Prerequisite Knowledge

None

Tutorial Level

Introductory

Tutorial Duration

60 minutes