For many firms knowing that they have a Supervisory visit or thematic review coming up can be a very stressful time the regulators, such as the PRA  have focused their attention on the leaders of financial firms, given governance, risk management and controls are key part of PRA’s 2024 priorities and, particularly, how they have responded to challenges in Credit risk, Financial resilience, Operational resilience as well as the new Consumer Duty regulation.  

Many executives have already experienced this increased rigour, some very publicly.  

  • Individuals are and will now be held to account 
  • Senior Managers must understand and fulfil a ‘Duty of Responsibility’ 
  • Parent companies of regulated subsidiaries now face tougher controls, particularly post SVB
  • Judgement based supervision means it’s harder to predict regulator behaviour  
  • And the repercussions of compliance failures are more severe 

Surviving a regulator’s visit or review is now more difficult than ever. But with expert insight and smart preparation, you can make it much easier.  

Delegates will return to work with a much clearer understanding of which systems and processes need their attention, allowing them to allocate valuable time and effort more efficiently.

By the end of this workshop you will be able to: 

  • Determine how ready your firm is for an FCA/PRA visit / interview / review
  • Learn what you can expect from the interaction (including actual questions asked)
  • Anticipate who in your firm is most likely to be interviewed or be asked to participate
  • Predict what client activities you may want to monitor
  • Understand current “hot topics” and how they will influence a visit
  • Hear from someone who has been through a visit or review
  • Prepare for questions the regulator(s) is likely to pose

Delegates will return to work with a much clearer understanding of which systems and processes need their attention, allowing them to allocate valuable time and effort more efficiently. 

Take this training in-house:

This workshop is also available as an in-house programme, which means you can tailor it to exactly what you and your colleagues require. Pricing for in-house will depend on what is required. Enquire about this option by contacting our training team.

Philippa Grocott

Philippa Grocott

Head of Regulated Sales & Apprenticeships, Financial Services Training Partners (FSTP)

Philippa’s career in financial services spans more than 40 years and she was one of the founding Partners of FSTP and is now Head of Regulatory Sales ...

Philippa’s career in financial services spans more than 40 years and she was one of the founding Partners of FSTP and is now Head of Regulatory Sales at Zishi. She has spent the last fifteen years consulting with clients in financial services helping them to respond to regulatory change.   

Since 2015 she has been steeped in SMCR, working with Firms and Boards to implement and embed the regime and is currently working with several firms on the application of the Consumer Duty requirements.  As a qualified business coach she has helped and supported individuals who are new to the role of Approved Person (SMF) understand what it means to be responsible and accountable according to the business model, strategy and their Statement of Responsibility and take a proactive role in the leadership and governance of the firm.    

Prior to being a Director at CTP, Partner at FSTP and head of Regulatory Sales at Zishi, Philippa was Head of Learning for Barclays, Direct Channels so she understands what is needed to manage and lead a major function in a regulated entity.   

She has also had a highly successful career in sales which gives her the strong customer focus and business awareness which is much appreciated by clients.

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Executives, senior managers or those who are preparing for appointment for these roles.