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Virtual Seminar: SS5/21 – International Banks: The PRA’s Approach to Branch and Subsidiary Supervision

Are you aware of the steps international banks operating in the UK can take to ensure compliance with the UK’s regulatory regime?

On 26 July, the PRA published SS5/21 International banks: The PRA’s approach to branch and subsidiary supervision and PS 19/21 setting out its supervisory approach to international banks. The AFB is delighted to partner with PwC for this special seminar developed specifically for AFB members.  PwC will highlight and share best practice on the following key areas of the Supervisory Statement: governance, booking models, risk management, operational resilience, reporting, and information sharing requirements.

Why attend?

The publication of SS5/21 shows the increased focus from the PRA on international banks. SS5/21 covers a broad range of topics, and the PRA has asked firms to undertake a self-assessment of whether they are currently meeting the requirements set out in the Supervisory Statement. Firms should be prepared to be scrutinised by their supervisory teams on levels of compliance and gaining a fuller understanding of the PRA’s expectations will be extremely important.   


What will participants implement Back@Bank after this session?

  •        A better understanding of the PRA’s expectations of international banks and their supervisory approach
  •        Insights on best practice for international banks in ensuring compliance with UK regulatory requirements

Who should attend?

This seminar is aimed at professionals in risk management, compliance, finance, treasury, and regulatory affairs.


Speakers:

Andrew Gray, Partner – Andrew has over twenty-five years of experience advising Financial Service firms in responding to challenges around organisational design, governance, risk management and in responding to regulatory issues. He has supported many of PwC’s firms largest global banking clients undertake strategic assessments of business and operating model design. Andrew led PwC’s work on Brexit and in supporting financial services firms transition from LIBOR.

Conor MacManus, Director – Conor is a Director in PwC’s regulatory practice. Conor helps PwC’s financial services clients navigate regulatory change and to understand supervisory and regulatory expectations. Conor previously worked at HM Treasury leading HMT’s prudential policy team and at the BoE leading teams both in the financial stability area and at the PRA.

Balaji Krishnamurthy, Director – Balaji is a Director in PwC’s financial services consulting practice and specialises in leading organisation wide transformation, with focus on Risk and Compliance transformation. He has led global programmes across a number of organisations to drive operational efficiency and enhanced compliance and control effectiveness.


Logistics:

Please note the AFB has a new website and member portal, you will need to log in to our member portal to complete your event registration.  The log in details you used previously on our old website will no longer work.  Your username is your email address, use the ‘Recover your log in details’ button as this will allow you to set a password.  Alternatively,  If you cannot remember your password, you can reset this here or email imola.farkas@foreignbanks.org.uk 

This event will be recorded.

Format:                Virtual Seminar (platform: Zoom)

Cost:                    Inclusive

Date:                   Tuesday, 19 October 2021

Time:                   09:00 – 10:15

There will be ample opportunity for questions throughout the session, however, if you would like to submit a question before or have any specific questions or areas that you would like the virtual session to address, please send them to the AFB at secretariat@foreignbanks.org.uk as soon as practicable. You will receive details on how to join the virtual session a few days before the event. You will receive details on how to join the session a few days before the event.