Understanding the Complete Regulatory Environment and Managing Regulatory Risk
In the wake of the 2007-8 financial crises properly referred to as credit crunch that destabilised the global financial markets, various regulatory bodies across the world responded by tightening regulatory measures to reduce the chance and costs of future systemic financial crises.
Course Description & Duration
This course has been designed for managers, supervisors and staff of regulated firms to raise an awareness of changes in the global regulatory arena and its impact on regulated firms. The course examines the regulatory landscape, laws and regulations along with an overview of most prevalent financial crimes, systems and controls aimed at detecting and preventing regulatory and financial crime risk. The course uses relevant and interactive case studies to stimulate delegate awareness of key regulatory risk issues and an understanding of what is required of a regulated firm professional.
This course is typically offered as a full day workshop but can be run as a two-day event depending on client’s requirements.
Course Outline
- The regulatory landscape (impact of global credit crises/regulatory response).
- Regulatory objectives and regulatory approaches (Outcomes-based & Rules-based).
- Regulatory risk management process and managing regulatory risk.
- The correlation between governance, risk and compliance.
- Regulatory risk allied to Financial Crime (AML/CTF, Fraud, Sanctions, Anti-Bribery & Corruption).
- Case study and group exercise to design a financial crime prevention plan for a regulated firm.
Training Outcomes
By the end of the training, delegates will be able to:
- Understand the global regulatory environment, global regulatory bodies and their functions.
- Explain why we need regulation and the different form of regulatory approaches.
- Explain the intrinsic relationship between governance, risk and compliance.
- Discuss the regulatory & financial crime risk management process.