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Join the Culture & Conduct Deep Dive & Annual Report
Global regulators have made it clear that culture and governance remains a key regulatory priority. In the UK, the FCA has publicly declared its focus to be on four key drivers: purpose, leadership, the firm’s approach to people, and governance, including systems, controls, and oversight for the business. Increased regulatory expectation has placed greater importance on organisations and boards to address behaviours that pose a risk and understand how culture is the root of misconduct.
Although the regulators demand financial institutions to foster positive risk culture, there has been a growing consensus that progress has stagnated. Misconduct cases continue to remain a challenge for financial institutions to manage, and there is a greater need for firms to understand the role culture and conduct plays in their organisation and the role it plays in managing non-financial risk.
The Culture & Conduct Deep Dive & Annual Report is the best opportunity to understand what the leading regulators feel the future of culture in financial services looks like, and their expectations for best practice in managing conduct. Join us on the 18 & 19 March for a chance to discuss the challenges facing leading practitioners from across the globe.
What's New for this Year?
- Join senior leaders from other industries as they discuss ‘What Can We Learn About Risk Culture from Other Highly Regulated Industries?’
- Hear from senior practitioners facilitating the roundtable discussions who will be discussing developing a successful culture dashboard, benchmarking non-financial misconduct and fostering an inclusive culture
- With a growing spotlight on AI, participants can learn about successful use cases for developing a positive risk culture during ‘The Role of Technology in Developing a Positive Risk Culture’ panel discussion
- Closed to the press and held under Chatham House Rule, each debate and roundtable discussion will tackle bolder questions, inviting honest, unfiltered, and even controversial conversations
What to Expect
- Engage with your peers from around the world on the topic of culture and conduct
- Understand the UK and US regulators’ stance on the expectations for financial institutions to follow regarding risk culture and conduct
- Learn from practices in other industries as to how they manage their risk culture
- Hear from experts in the field of behavioural science within financial institutions
- Discuss with senior practitioners the barriers to fostering a positive risk culture
- Be introduced to how technology and AI can aid progress in the field
Debates
Sessions where four or five Managing Director-level practitioners discuss and debate a particular topic or issue. Panel debates are a great way to explore complex topics and get multiple perspectives on a subject.
- What Can We Learn About Risk Culture from Other Highly Regulated Industries?
- Has Progress on Culture and Conduct Become Stagnant?
- The Role of Technology in Developing a Positive Risk Culture
- Effectively Managing Culture and Conduct Across the 3 Lines of Defence
Roundtable Discussions
Private, off the record roundtables are moderated by leading practitioners in the field of culture and conduct and are designed to promote dialogue and collaboration among the attendees.
- Developing an Effective Culture Dashboard
- How Instrumental is the ‘Tone From the Top’ in Encouraging a Good Culture in a Financial Institution?
- Benchmarking Non-Financial Misconduct
- Behavioural Insights on Operational Resilience
- To What Extent Does a Positive Culture Contribute to P&L?
- How Important is Fostering an Inclusive Culture within Financial Institutions?
Taking Theory into Practice
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CULTURE & CONDUCT DEEP DIVE 2024: ANNUAL REPORT Banks recognise that culture is an important element in risk management and business success; hence the topic of organisational culture has become central to discussions about business operations and risk outcomes. The regulators also acknowledged that it has become easier to gather and analyse data about culture, thanks to advances in technology which can provide more effective diagnostic and intervention strategies. |
Who Should Attend
Managing Directors, Directors, VP level of the following functions from banks, asset managers and other financial institutions:
1st Line Control Functions including: Supervision, Risk Assessment, Control Testing, Surveillance / 2nd Line Practitioners including: Regulatory Compliance, Financial Crime / 3rd Line Internal Audit Functions including Heads of: Conduct, Conduct Risk, Behavioural Science, Culture, Culture Audits, Ethics, People, Well-Being, HR, Strategy, Operations, and Corporate Responsibility Officers
How the Deep Dives and Annual Reports work
Networking
Deep Dives offer virtual interaction through an intra-delegate messaging system, opportunities to pose questions to speakers in real time, and interactive roundtable discussions.
Chatham House Rule applies, creating a safe environment for a free discussion and no press attend.
Roundtables
Private, off the record roundtables are moderated by 1LoD, and attended by delegates from financial institutions who have booked their place in advance. They take place on Zoom. Delegates are sent discussion topics, and an overall structure of the debate in advance to assist the flow of the discussion.
Annual Report
Deep Dives are 1LoD's annual update on a non-financial risk function or topic. Content is presented in a 6- or 8-page report which summarises 4 hours of debate between 16 practitioners at Managing Director level who are leaders for their functions, often joined by the relevant regulators
Join the Conversation
Why sponsor the Annual Report?
Deep Dives provide the industry with an annual update on the latest trends and thinking on the function or topic in focus. They:
• Generate Demand
• Gather Intelligence
• Raise Your Profile
• Create Content
