Conflicts of interest are coming under increasing regulatory scrutiny with policy and procedure submissions found to be lacking. In light of this, the need for expert conflicts of interest training is required now more than ever. The market is changing rapidly, with consolidation and restructuring becoming a regular occurrence. Both involve changes to business models and it’s important firms have a robust approach in place for dealing with any conflicts that may arise.
All too often, firms think that having a generic conflict of interest policy and an (empty) conflicts of interest register means ‘job done’. These potential conflicts are often inherent in such arrangements and cannot always be prevented. In such cases, you need to be able to show that, although conflicts may be present:
- There’s evidence of proper thought and consideration of the conflicts by senior managers.
- Any conflicts have been effectively managed and completely disclosed, and clients’ interests remain at the heart of your firm’s decision-making process.
Conflicts, particularly those relating to governance structures and business models, often need managing through a combination of measures depending on the firm, its staff and its business model. This COI training demonstrates how this should be done.Note: This public COI Training covers the topic generally in an EU setting. For private or client-based delivery, it can be modified to make it more or less FCA-specific and more or less EBA/ESMA-specific depending on client requirements