FSA: Applying the Remuneration Code

Event Type
Seminar

Topic
FSA Code on Remuneration

Venue Address
9 Little Trinity Lane London EC4V 2AD

Description
City HR is delighted to announce that the FSA and PricewaterhouseCoopers will be speaking at our specially convened seminar on the FSA Code on Remuneration, which came into effect on the 1st January 2010, and the impact that this may have in preparing for future ARROW visits. Aimed at Senior Management within HR, Finance, Compliance, Risk and Audit, delegates will learn how the Code may affect their organisation, irrespective of whether they are covered by the Code.

Guest Speakers
David Raikes (FSA), James Coombs (PWC)

Event Programme
9.00 am Registration

9.20 am Introduction Robert Potter, City HR Chair



9.30 am The FSA Code on Remuneration and the implications for ARROW visits

David Raikes, Manager – Banking Sector Remuneration, FSA



• An overview of the code and the eight principles

• How this may evolve in line with the Walker Report and G20 position

• The role of HR/Compliance/Risk/Finance in structuring and demonstrating suitable plans

• What is the impact of the Remuneration Code on companies covered by the code

• How will the Remuneration code be applied to companies which are not immediately in scope - this would include smaller banks, brokers (including broker dealers, inter-dealer brokers, insurance brokers, asset managers and hedge funds)

• What is the FSA looking for when it discusses remuneration in ARROW visits

• What next?



10.30 am to 11.00 am Coffee



11.00 am Preparing for an ARROW visit

James Coombs, PricewaterhouseCoopers



• What should HR, Risk, Compliance and Finance consider doing by way of preparation including those presently covered by the code, and those who are not

• The role of Risk, Compliance and Finance in remuneration policies and processes

• Understanding the key areas of focus - calculation of bonus pools, allocation of bonus pools, review and approval of remuneration decision, bonus deferrals

• A scorecard approach to performance management: Assessing and identifying the risks and areas of non-compliance

• Understanding the consequences of non-compliance

• Building relationships internally and with the FSA

• Questions that may arise from your Supervisor



12.00 pm Ask the Experts



• A chance for HR to run issues past the panel



12.30 pm CLOSE

Tuesday, February 23, 2010, 9:00 am |Painters Hall| £95