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| When: | Banks & Investment Business Firms: Dublin - Tuesday 20th July, 9.00am to 5.30pm
Insurance Firms: Dublin - Tuesday 27th July, 9.00am to 5.30pm |
| Venue: | Central DUBLIN City Venue |
| Cost: | €620 (No VAT), €550 for 2nd attendee from same firm attending same day. |
| CPD allowance: | Formal and Informal CPD: max 7 hours (subject to your professional body's rules). You may be able claim a mix of formal and informal hours for the full 7 hours of tuition (subject to your body's rules)
Institute of Bankers: LCOI - 4 formal hours CeB - 4 formal hours
Insurance Institute of Ireland/PSAB-GI: [The Role of the Compliance Officer - Insurance Firms only] CIP - 4 formal hours CPD Member - 4 formal hours LCOI - 4 formal hours ACII/FCII: - 4 formal hours (This event can be used as part of your Chartered Insurance Institute (CII) CPD scheme requirement should you consider the content relevant to your development needs.)
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| Make a BOOKING | Terms & Conditions and Cancellation Policy - Please Read Privacy Statement - Please Read
(A) TO BOOK THE BANKS & INVESTMENT BUSINESS INDUSTRY MODULE COURSE AND PAY BY CREDIT CARD CLICK BUTTON BELOW [PTRCO001]
(B) TO BOOK THE INSURANCE INDUSTRY MODULE COURSE AND PAY BY CREDIT CARD CLICK BUTTON BELOW [PTRCO002]
To make a payment by wire transfer please make your booking via email below. Please includeincluding the course module name (i.e Banks & Investments Industry OR Insurance Industry), course date, your name and contact details (including telephone number). You will receive an automatic response. Thereafter we will email you with wire transfer and other payment details.
(A) Email for Banks & Investment Industry [PTRCO001] BOOKINGS@COMPLIANCEIRELAND.COM
(B) Email for Insurance Industry [PTRCO002] BOOKINGS@COMPLIANCEIRELAND.COM |
“75% of the content of about 60% of training I have attended is ‘padding’ – this is one of the very few training courses I’ve attended where I was very impressed. Keep up the good work!"
(Compliance Officer attendee)
The Role of the Compliance Officer in Ireland has changed dramatically. Yet the responsibilities of the compliance staff are not defined in any Code, Rule or Handbook. This course will help Compliance Officers establish the parameters of their roles and responsibilities and will provide practical tips on implementing the principles-based approach to regulation.
The trainers, ex-FSA regulator and former heads of Legal & Compliance Departments and Trustee/Custodial Services (Ireland & the UK), will guide you through matters of compliance not contained in the rulebooks but yet vitally important to the role of the Compliance Officer and building a Compliance Function, including:
(a) professional & personal responsibility of Compliance Officers and the boundaries of the Compliance Department;
(b) how to create a Compliance Charter (i.e. terms of reference);
(c) key areas for any Compliance Manual;
(d) what to consider when designing a compliance monitoring programme; and
(e) what the Financial Regulator expects from Compliance Officers and senior management.
| Content | Time | |
1 |
Introduction & opening remarks |
0900-930 |
2 |
Financial Regulator and compliance – an examination of the key statutory requirements including regulatory objectives, strategy for 2008-2010, role (Supervision and Enforcement provided in Session 6), funding, the Consultative Panels, the Financial Services Ombudsman and Compliance Statements and Certificates (Insurance Firms). |
0930-1030 (break 1030-1045) |
3 |
The Conduct of Business rulebooks – for Banks, fund administrators & trustees, other investment firms: Codes of Conduct, UCITS/Non-UCITS Notices, & key aspects of Basle 2/CAD 3, CRD & ICAAP for credit and financial institutions. Insurance: Industry Codes of Practice, the Insurance Mediation Directive, the new Life & non-Life Directives, Reinsurance Directive and other regulatory insurance issues, including Solvency II. This session includes an executive summary on the status of the Financial Services Action Plan and other EU directives in the pipeline and the directions these may take Ireland.
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1045-1230
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Lunch: 1230-1330 |
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4 |
The role of Compliance Officers in Irish financial services firms today – (i) personal accountability & the boundaries of the Compliance Function; (ii) structuring a Compliance Function; (iii) what the Compliance Function’s terms of reference should include; (iv) helping to create a ‘Compliance Culture’ within your firm; (v) what your Compliance Manual should include; (vi) the ongoing obligation to train staff; and (vii) factors to consider when designing a compliance monitoring programme. |
1330-1615 (break 1500-1515) |
5 |
Financial Regulator’s Supervision & Enforcement regime – the Financial Regulator’s ‘supervisory toolkit’, its new powers, how they will work, & a comparison to other regulatory systems to help see how the regulator will respond to breaches. The new Central Bank of Ireland Commission structure will be examined. |
1615-1715 |
6 |
Questions & Closing remarks |
1715-1730 |
“You are the eyes and ears of your firms when it comes to meeting corporate responsibilities… it is therefore vitally important that the compliance function is involved in assessing the compliance risks” Chief Executive, Financial Regulator
* A New central Bank & financial regulator structure will be implemented in Ireland in 2009 * The UK FSA withdrew approval of a compliance officer because the officer lacked competence and capability to ensure the firm complied with FSA requirements (July 2008) |
Who should attend?
Compliance Officers and Directors of: (a) credit institutions and all investment business firms (e.g. investment management & fund administration) and (b) insurance firms.
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