Both the Prudential Regulation Authority (the PRA) and the Financial Conduct Authority (the FCA) rely on data for supervisory purposes and Nikhil Rathi, Chief Executive of the FCA, has said that “Data is the lifeblood of a modern regulator and in the next five years, we expect to become as much a regulator of data […]
Author Archives: Ruth Finch
Qualitative information and data-driven regulation
Posted in Articles
Tagged consumer duty, data, data analytics, data science, FCA, metrics, PRA, qualitative data, qualitative information, quantitative data, regulatory reporting, reporting
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Two suggestions for tackling micro-exclusions (with thanks to Adam Grant)
Diversity and inclusion remain high on the regulators’ agenda but their proposals are unlikely to address a trail of demoralising situations I’ve seen in practice. I call these micro-exclusions, the small and subtle actions that result in some being favoured over others, certain voices not being heard and those who don’t ‘get on board’ being […]
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Tagged Adam Grant, brainwriting, culture, diversity, diversity and inclusion, Hidden Potential, lattice management, lattice management system, micro-exclusions, psychological safety, regulators, SMCR, speak out
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The critical importance of fairy dust
Fairy dust – the sparkle that makes a presentation shine; the final adjustments that make the message compelling. It’s a dainty expression for a hard-working ingredient in submissions and presentations to regulators. Forget spin; this is about substance and structure. It might involve: Having a crystal-clear and confident narrative that carries the regulator through the […]
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Tagged meetings with regulators, narrative, presentations, regulators, regulatory visit, SMF interview, submissions
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What makes an outstanding board?
This started as an article about what makes a board of directors ‘effective’ but I decided that was aiming too low. Why shouldn’t a board be outstanding? Let’s begin though with board effectiveness. 1 Board effectiveness What made the board of a bank or other financial institution ‘effective’ a few years ago won’t hit the […]
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Tagged board effectiveness, board of directors, boards, challenge, controls, corporate governance, culture, D&I, diversity, diversity and inclusion, EWI, governance, groupthink, KRI, MI, non-executive directors, strategy
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