Regulators see good governance, which enables effective oversight of decision making, as critical to the delivery of sound business management and reducing potential harm to consumers and market participants. Within the current climate, the FCA is also recognising that firms directly affected by coronavirus will need to keep their governance arrangements under review and make appropriate changes as circumstances change.
Listen to our discussion with Jonathan Herbst (global head of financial services), John Coley (head of risk consulting, EMEA) and Iain Hawthorn (senior compliance manager) as they answer four key questions around good governance at regulated firms:
- What governance expectations do regulators have overall?
- Where are we seeing firms face challenges?
- Why should firms consider governance reviews?
- What wider areas should firms consider around governance reviews