01.10.2015

BLOG: Five Months To Go - How Are You Rising To The Accountability Challenge?

FCA March 2015 Front Cover

The new Accountability Framework in banking is one of the hottest topics in the FCA regulated world - with less than 6 months until the deadline Unicorn Product Manager, Simon Mercer, explains how Unicorn’s union with FSTP is helping firms rise to the challenge.

When the FCA launched its 2015-16 Business Plan in March, all eyes inevitably looked straight at the deadlines.

‘Senior Manager’s Regime’, ‘MiFID II’, ‘Mortgage Credit Directive’, ‘Certification Regime’, ‘Code of Conduct’ etc are all major changes to the regulatory framework, with even greater consequences and sanctions for non-compliance.

[caption id="attachment_4241" align="alignright" width="212"] Read the full paper here[/caption]

But, as usual, the deadlines are tight, for example, the new accountability framework for individuals in banks, building societies and credit unions comes into force on 7 March 2016 – now less than six months away.

Earlier this year we joined forces with leading financial services consulting and training specialists, FSTP, to bring a more targeted and streamlined approach to compliance for FCA regulated firms.

Now, with FSTP’s help, we’re adding new eLearning titles to our comprehensive compliance training solution, ComplianceServe, to help organisations embed the cultural and behavioural changes demanded within the new framework.

When it comes to the Accountability Framework there are four supporting courses…

  • An Introduction to the New Banking Regime
  • An Introduction to the New Senior Managers Regime
  • The Certification Regime
  • The New Code of Conduct

These titles are designed to meet the demand for ‘snackable’ chunks of learning that can be digested little and often, for a more pervasive learning experience that supports the goal of continuous learning.

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Learners have to understand and, most importantly, value the possible implications of their actions in terms of how it affects their promotion prospects, earning power, professional reputation and personal pride. This is why compliance should be treated as part of, not in isolation to, an individual’s whole career development plan.

The by-product of this is the benefit it brings to your business, both commercially, and with regards to regulatory compliance when the FCA calls.

All of these new titles are being added to the ComplianceServe library at no additional cost, and like all our compliance titles, we’ll continue to update them in line with ongoing changes in the regulations.

Utilising FSTP’s capabilities in instructor-led training, we’re also able to provide our clients with a truly blended approach - combining our eLearning modules with face-to face-workshops - for the more complex and risk laden roles i.e. Senior Manager and Senior Responsibility function holders.

Want to know more?

Visit www.unicorntraining.com, email enquiries@unicorntraining.com or call 0800 055 6586.

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