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UID:20230908T1635Z-1694190923.542-EO-24692-1@139.162.253.230
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DTSTART;TZID=Europe/London:20231013T100000
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SUMMARY: FCA Regulation & Wind-Down Planning – Are You Prepared?
DESCRIPTION: Join Head of Insurance Intermediaries Paul Goldwin and the MBL
  at their seminar on Friday 13 October - FCA Regulation & Wind-Down Plannin
 g - Are You Prepared?
X-ALT-DESC;FMTTYPE=text/html: <p><strong>Join Head of <a href="https://pkfl
 -prev-site.ukstg9.rmaco.com/sectors/financial-services/insurance/insurance-
 brokers/" target="_blank" rel="noopener">Insurance Intermediaries</a> <a hr
 ef="https://pkfl-prev-site.ukstg9.rmaco.com/people/paul-goldwin/" target="_
 blank" rel="noopener">Paul Goldwin</a> and the <a href="https://www.mblsemi
 nars.com/" target="_blank" rel="noopener">MBL</a> at their seminar on Frida
 y 13 October - <a href="https://www.mblseminars.com/outline/18298?CC=SPEAKE
 R23&utm_medium=email&utm_campaign=SPEAKER23&utm_source=mbl" target="_blank"
  rel="noopener">FCA Regulation & Wind-Down Planning - Are You Prepared?</a>
 </strong></p><p>A <a href="https://www.handbook.fca.org.uk/handbook/WDPG.pd
 f" target="_blank" rel="noopener">wind-down plan</a> is compulsory for all 
 regulated firms\, not just those in financial distress. The regulator requi
 res all firms to prepare well thought out plans to demonstrate that they wi
 ll be able to exit the market in an orderly manner without causing undue ha
 rm to customers or markets.</p><p>The FCA have mentioned that they will con
 tinue to assess firms' financial resilience against their minimum standards
  and are aware that this is an area of weakness for many firms.</p><p>With 
 this in mind\, together with the MBL\, Paul Goldwin has put together a full
  day course\, aimed at FCA regulated firms who may have not yet put togethe
 r a wind down plan or need assistance with the formulation and development 
 of a wind down plan.</p><h3><strong>The course will cover the following:</s
 trong></h3><ul><li><strong>Background:</strong></li><ul><li>FCA 2021/22 bus
 iness plan - overarching priority - financial resilience and resolution</li
 ><li>FCA expectations and monitoring</li><li>FCA expects firms to have a we
 ll thought out wind down plan to demonstrate how they will exit the market 
 in an orderly manner without causing undue harm to customers and markets</l
 i></ul><li><strong>FCA guidance:</strong></li><ul><li>WDPG June 2020 (refre
 shed August 2021)</li><li>Interaction with threshold condition 2.4</li><li>
 Principle 4 (PRIN 2.1)</li></ul><li><strong>WDPs - general principles<p></s
 trong></li><li><strong>WDP - structure:</strong></li><ul><li>Choice and eva
 luation of trigger event</li><li>Plan to steer firm in orderly manner</li><
 li>Assessment of financial/non-financial resource requirements</li><li>Proc
 ess for identifying and mitigating material risks/obstacles to orderly wind
  down</li></ul><li><strong>In practice:</strong></li><ul><li>Financial proj
 ections/modelling</li><li>Detailed practical narrative plan</li></ul><li><s
 trong>FCA thematic - high level review:</strong></li><ul><li>Early stage of
  maturity</li><li>Well short of FCA's minimum standard</li><li>Liquidity co
 nsiderations</li><li>Intra-group dependencies</li><li>Shortcomings with win
 d down triggers</li></ul><li><strong>FCA - multi survey review:</strong></l
 i><ul><li>General results</li><li>What constitutes good practice?</li><li>E
 xamples of poor practice</li></ul><li><strong>FCA conclusions and plans goi
 ng forward - are you prepared?</strong></li></ul>
ORGANIZER;CN="Caio Domingues":MAILTO:cdomingues@pkf-l.com
URL;VALUE=URI:https://pkfl-prev-site.ukstg9.rmaco.com/events/fca-regulation
 -wind-down-planning-are-you-prepared/
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