Summary
A comprehensive, accessible one-day programme on the new Senior Executive Accountability Regime (SEAR) for financial services providers. SEAR has been introduced by the Central Bank of Ireland to improve performance and accountability.
At the end of the programme participants will:
- Understand the definitions, objectives, and scope of the new SEAR requirements
- Identify where responsibility and decision-making lie within their firm, so as to ensure compliance with the new requirements
- Start to design, draft, and decide how to implement a comprehensive plan for their firm to comply with SEAR requirements
This programme is for:
Directors and senior managers of financial services providers, including: banks and other credit institutions; insurance companies; insurance brokers; mortgage brokers; investment advisers and intermediaries; advisers and consultants to financial services providers.
Approach
The programme will follow a logical sequence to ensure that participants are led, first, to a sound understanding of SEAR; and then to acquire the knowledge and tools to plan for compliance. Accordingly, the programme will explain the main elements of SEAR in order to (a) identify the specific requirements for compliance, and (b) how to document the firm's compliance plan.
Programme Schedule
Regulatory Landscape
- Agenda of Central Bank of Ireland
- Individual Accountability Framework
- Duty of responsibility; business standards; common conduct standards
- Senior Executive Accountability Regime (SEAR)
Senior Executive Accountability Regime
- Key concepts and definitions
- Scope and objectives
- Inherent and prescribed responsibilities
- Corporate governance requirements
- Statement of responsibilities
- Management responsibilities map
Fitness and Probity
- Changes introduced by SEAR
- Submission of Individual Questionnaires
- Impact on Pre-Approval Controlled Functions (PCFs)
- Impact on exemption for outsourcing
Enforcement
- Reasonable steps to comply
- Administrative sanctions
- Central Bank of Ireland guidance
Programme Facilitator
Ian Long
Ian is an experienced facilitator with Ibec Academy. He is a results-driven policy professional and legal counsel with a deep understanding of legal and regulatory compliance. Ian has a proven track record of successful implementation of regulatory policies and procedures, together with essential training and awareness to ensure a compliance culture in a wide range of financial services providers.
Ian has experience as risk management solicitor at Beauchamps LLP; formerly - senior expert policy writer at Novartis Ireland, data protection officer at Groupon International, regulatory compliance manager at Pepper Asset Servicing, head of policy and people (regulatory compliance) at AIB Bank, and head of legal and compliance at Aon Centre for Innovation and Analytics.
He is the author of:
- The Complete Company Policies; Routledge UK, 2024
- Data Protection – The New Rules; Jordan Publishing (now LexisNexis),
- London, 2016
- Consumer Rights – What is the Law? Round Hall Thomson, Dublin, 2004
