Forum for Non-executive Director in Governance and Risk Management of UK International Bank Subsidiaries

Sarah Woodman, Global events journalist
October 21, 2011 /

The Financial Services Authority is conducting a forum on the role of the non-executive director in governance and risk management of UK subsidiaries of international banks.

The forum aims at engaging non-executive directors (NEDs) in a discussion with the FSA on their key areas of responsibility in relation to governance and risk management of the UK subsidiaries of international banks. It will be held in the Merchant Taylors’ Hall, 30 Threadneedle Street, London, EC2R 8JB at 9:00 am.

Stephen Bland, Director of the Investment Banks and Overseas Banks division at the FSA is hosting a half-day conference for NEDs to provide feedback on FSA’s view of a NED’s key areas of responsibility in relation to corporate governance and risk management of subsidiaries of international banks.

Stephen will be joined by several FSA senior managers and senior advisors to provide their views on current FSA expectations of NEDs with particular focus on challenges faced by local subsidiaries of International banks.

The conference will cover, over four sessions, a wide range of topics tailored to the role and responsibilities of a NED, including: regional corporate governance and risk management of a UK subsidiary of an International Bank, home-host regulatory relationships, challenges in ensuring that international subsidiaries meet FSA regulations, FSA expectations of NEDs in the context of the Significant Influence Function (SIF) regime, the importance of NED’s ability to provide credible challenge to the business, and the role played by NEDs in determining the risk appetites/business model viability of their firms.

The forum is open to NEDs of UK subsidiaries of International Banks that are designated by the FSA as medium high and medium low impact institutions.

 

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