7d. BD/IA – Effective Supervisory Programs for Smaller Firms (Intermediate - OPEN)
Regulatory expectations over supervision have evolved over the last few years. Critical components in determining the reasonableness of a firm’s supervisory structure are very important and vary tremendously across firms. Managing and deploying an effective program includes the ability to adapt as necessary to the changing regulatory environments. This session will look at how to design and implement an effective supervision program in smaller firms considering the evolution of technology and available resources.
This session is open to regulators but closed to members of the press.
Learning Objectives:
Learn how to develop a supervision and surveillance plan, that is flexible, but addresses core supervisory elements, including how to measure the effectiveness of your Supervision practices.
Establish a disciplinary framework which outlines escalation of supervisory issues/risks.
Understand the effectiveness of allocating resources based on a risk-based framework.
Leverage technology as a tool to help supervise and utilize surveillance results to understand early warnings of supervisory issues to inform priorities and remediation efforts.
Understand new rules such as Residential Supervisory Locations (“RSL”) and how these affect your supervisory structure.
