AFB Practice Workshop: How to Minimise Risks When Notifying the Regulators

It is a key principle for banks to deal with regulators in all relevant jurisdictions openly.  Banks must disclose anything relating to their firm specifically where the regulator would reasonably expect notice.

This interactive practice workshop, in partnership with Eversheds Sutherland, will help attendees to navigate the requirement to notify when they interact with the UK regulators. The session will help firms understand the expectations of the PRA and the FCA, and work through the areas which go beyond the specific regulatory rules.

Why attend?

Attendees will have the opportunity to take part in an interactive session with open questions, group discussions, and sharing of expertise from the team at Eversheds Sutherland.

This workshop will provide:

• Case studies to show how relationships between banks and the FCA and PRA can break down if notification requirements are not met
• An insight into the areas which are of concern to individual employees as well as banks and how areas of conflict can be resolved
• Practical exercises centred around the challenges of notification
• Industry insights from Eversheds Sutherland on good practice and common challenges/pitfalls

Attendees will be seated in groups for breakout sessions and will feed back their thoughts to the rest of the group, with each discussion facilitated by a member of the Eversheds Sutherland team.

Who should attend?

Senior members of Compliance teams and Heads of Business lines. 

Workshop Leaders

Gregory Brandman

Greg is a partner in the Financial Services Disputes and Investigations team in London and the head of Eversheds’ contentious financial services regulatory practice. Greg specialises in regulatory investigations. He represents firms and individuals who are under investigation by the FCA and the PRA for misconduct, including systems and controls violations, market abuse, client money/assets breaches, mis-selling and other misconduct. Greg also regularly carries out internal investigations for financial institutional clients and advises on strategic regulatory risk management issues relating to supervisory visits, periodic assessments, thematic reviews, s166 reviews and personal attestations.

Julia Neal

Julia is a partner in the Financial Services Disputes and Investigations team in London. She specialises in contentious financial services regulatory matters as well as undertaking complex internal investigations (often cross border) and advising on the risks arising from these.

Before joining Eversheds, Julia spent nine years at the Financial Services Authority (now the Financial Conduct Authority) in both the Enforcement Division and the General Counsel’s Division. Julia has considerable experience from both her time at the regulator and in private practice.

Currently, Julia represents both firms and individuals under investigation by the FCA. Her experience includes regulatory investigations into firms and individuals for misconduct, mis-selling, market abuse, financial crime systems and controls; failing to co-operate with the regulator; and complaints handling.

Sumitra Subramanian

Sumitra is a principal associate professional support lawyer in our Financial Services Disputes and Investigations group. She has conducted investigations for financial institutions as well as enforcement work involving the FCA, PRA and overseas financial services regulators. She also advises financial institutions more generally on the interpretation and application of regulatory requirements, with a particular focus on governance, culture, conduct and individual accountability.

Sumitra writes articles and delivers training to clients and colleagues on key UK regulatory developments, including the FCA Consumer Duty and the UK financial services regulators’ focus on improving diversity and inclusion within the sector. Before joining Eversheds Sutherland, Sumitra was an investigator within the FCA’s Enforcement and Market Oversight Division, where she carried out investigations into the conduct of firms and senior individuals.

Logistics

Format:   In-person at Eversheds Sutherland, 1 Wood Street, London, EC2V 7WS

Cost:        £255.00 + VAT

Date:       Wednesday 13 November 2024

Time:       08:30 – 11:00 (Registration and breakfast from 08:30-09:00)

Places:     Maximum of 30 people

If you would like to submit a question or have any specific areas that you would like the session to address, please send them to the AFB at secretariat@foreignbanks.org.uk. You will receive details on how to join this in-person Workshop a week before the event. The Workshop will be held under the Chatham House Rule, to promote open and constructive discussion.