Watch: Compliance monitoring webinar
- Compliance Monitoring
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On Wednesday 24 February at 14:00, Amanda Reilly, our Examinations Head of Unit and Senior Manager, Nicky Fagan will be holding a webinar on Compliance monitoring (CMP).
Effective compliance monitoring (CMP) is an invaluable process that enables senior management to demonstrate that they have implemented and maintained adequate and effective systems and controls.
It also allows them to ensure that these process are being complied with, and that timely action is being taken to remedy any deficiencies brought to their attention.
We are reminding regulated businesses of the importance of CMP, after we identified a number of repeated findings during the themed examination we carried out last year.
Some of the key findings related to policies and procedures, record keeping, corporate governance, and risk assessments.
Overall, the findings highlighted a number of the businesses were not adhering to the guidance we published in December 2013.
To help provide clear guidance on what is expected from regulated businesses the webinar will cover:
- what compliance monitoring is and why it is important
- regulatory requirements
- findings from our recent CMP thematic
- what action we will be taking following the thematic
- what action we expect Industry to be taking