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Seminar: Financial Services

Association of Regulatory and Disciplinary Lawyers

Seminar

The Senior Managers Regime, and Judicial Review of Financial Services Decisions

3rd October 2016 at 5.30pm   at the offices of   CMS Cameron McKenna, Cannon Place, 78 Cannon Street, London EC4N 6AF

Speakers:

Simon Morris, Partner, Financial Services and Products Team, CMS Cameron McKenna

Robert Dedman, Chief Counsel, Regulatory Action Division, Prudential Regulation Authority, Bank of England

Vikram Sachdeva QC, 39 Essex Chambers

Followed by discussion and questions

Chaired by Mr Justice Leggatt, Judge of the Financial List

ARDL is delighted to welcome Simon Morris, Robert Dedman, and Vikram Sachdeva QC, to deliver the next in its regular seminar series.

Overview

Simon and Robert will each talk from their different perspectives on the how the Senior Managers Regime is being received, the Senior Insurance Managers Regime, how firms are reacting to the Regulators’ new individual focus, and what may lie ahead.

In particular:

  • How are firms adapting to the SMR?
  • How are the regulators treating individuals while the SMR beds down?
  • What will the world of individual; responsibility look like in three years’ time?

Vikram will examine recent case law on financial services and will suggest strategies for challenging financial services decisions.

Speakers

Simon Morris qualified as a solicitor in 1982 and has been a partner at CMS since 1988.  He advised more than 30 banks and insurers on the introduction of the new senior manager regime and has handled more than 400 enforcement actions bought by the PRA, FCA, predecessor and overseas regulators.  He is a Commissioner of the Jersey Financial Services Commission and his latest book Financial Services Regulation in Practice was published by Oxford University Press earlier this year.   https://cms.law/en/GBR/People/Simon-Morris

Robert Dedman is Head of the Bank of England’s Regulatory Action Division.  In the three and a half years since the PRA took up its functions, he has been instrumental in creating, and then building, its enforcement capability.  During that time, the Division has concluded a number of enforcement cases, including a £14m fine on the Royal Bank of Scotland for IT failings, a public censure on the Co-operative Bank, and a fine and prohibition of two former senior executives of that firm.  Among other things, Rob has been heavily involved working up the supervisory and enforcement aspects of the Senior Managers Regime.”

Vikram Sachdeva is a leading silk at 39 Essex Chambers practising in commercial law, financial services, and judicial review. He taught Administrative and Public Law at Cambridge, and appointed as Junior Counsel to the Crown (A Panel) before taking silk. He has appeared in many judicial review cases from the High Court to the Supreme Court. https://www.39essex.com/barrister/vikram-sachdeva/

Mr Justice Leggatt is a leading judge on the Financial List of the Commercial Court: https://www.judiciary.gov.uk/publications/mr-justice-leggatt/

The seminar will be followed by a panel discussion and there will be plenty opportunity for questions from the audience.  Refreshments will be served at the conclusion.

Event details

Date: 3rd October 2016

Time: Registration & tea/coffee – 5.30pm

Seminar:  6pm – 7.30pm; 

Refreshments: 7.30pm

CPD: 1.5 hours 

Venue: CMS Cameron McKenna, Cannon Place, 78 Cannon Street, London EC4N 6AF Map: https://cms.law/en/GBR/Office/London

ARDL seminars qualify for CPD.  Please remember to sign the relevant CPD sheets at the seminars.

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