EVENT: FCA Executives Brief Arab bankers on regulatory expectations

Date: 24th May, 2018 Time: 10:30 am - 12:30 pm
FCA Executives Brief Arab bankers on regulatory expectations

Five executives from the Financial Conduct Authority (FCA) came to the ABA offices on 24 May to brief the London Arab banking community on recent regulatory developments and current expectations.

The ABA regularly arranges such meetings with both the FCA and with the Prudential Regulation Authority. The meetings are held under the 'Chatham House Rule' so details of the discussion cannot be disclosed. 

The five FCA executives were:

Lucinda Hartley, Manager, Wholesale Banking

Ted McDonald, Technical Specialist, Wholesale Banking

Michael Lloyd, Senior Advisor, Wholesale Banking

Edmund Weighell, Senior Associate, Wholesale Banking

Jeremey Tizard, Manager, Financial Crime Specialists Division

Key points of the discussion included regulatory expectations on PSD2; current FCA thinking on cyber risk and operational resilience for small banks; updates on the FCA's financial crime programme, including its programme of visits to banks; ways in which the FCA measures the effectiveness of banks' financial crime training; and advice on good practices for documenting banks' annual Senior Management Function fit & proper assessments.

Twenty London Arab banks (subsidiaries and branches) were represented at the meeting, including several CEOs and numerous compliance officers.




More in Events

Meeting with the Financial Regulation Authority

CEO's of member banks will be invited to attend a meeting with officials from the Prudential Regulation Authority at the ABA's offices on Wednesday 22 January 2020. The meeting will start at 2.30pm.  Invitations to this event...

  • Date: 20th January, 2020
  • ABA Offices

ABA Meeting with HMRC: Postponed

HMRC has postponed the planned meeting with Arab banks in London that had been scheduled for 25 November. This is due to the British General Election that will take place on 12 December. Government officials do not discuss policies...

  • Date: 25th November, 2019
  • ABA Offices

ABA Operational Resilience Group

The first meeting of our Operational Resilience co-ordination group will be held on Monday 30 September at PwC's offices. The meeting is the result of a presentation on operational resilience that was given by PwC to ABA corporate...

  • Date: 30th September, 2019
  • TBD

Meeting with the Financial Conduct Authority

Corporate Members will be invited to a meeting with officials from the Financial Conduct Authority at the ABA's offices on Thursday 19 September. The meeting will start at 3pm and end at 5pm. For more information on this...

  • Date: 19th September, 2019
  • ABA Offices

ABA Annual Gala Dinner

Our Annual Gala Dinner will be held on Wednesday 23 October at the JW Marriot Grosvenor House, Park Lane. We will be honouring Mr. Isam al-Sager, the Group CEO of National Bank of Kuwait, for Distinguished Service to Arab...

  • Date: 23rd October, 2019
  • TBD

Upcoming ABA Events

Other Upcoming Events