Overnance, Risk & Compliance within UK financial sector (banking)

Question
You are the newly appointed Head of Compliance at International Organisation (IO), a firm newly regulated in the UK in a sector of your choice. Aware of the main regulatory priorities and areas of focus within the UK regulatory environment and of its continuously changing nature, you have identified that your first and most important task is to ensure that the Executive Team and Senior Management fully understand the current regulatory environment within which the firm operates and also the importance of regulatory compliance, both for the firm and the industry sector as a whole.
You have agreed with the Chief Executive Officer that you will produce a briefing paper for all Executive members and Senior Management team entitled i??The current regulatory environment, your responsibilities and how GRC (Governance, Risk & Compliance )activities will help you meet thesei??. This will be followed by a one-hour training session which will be compulsory for all Executive and Senior Management Team members to attend.
1. Write this briefing paper for your Executive and Senior Management Team. (75 marks)
b) Write a plan that sets out the topics that you will cover during the follow-on one hour training session. You should state the objectives of the training, what will be covered, how you will deliver the training and why you have chosen both the topics and the method of delivery. However, the detailed content of the training is not required.
(25 marks)

Here is the plan and what I have put down

? Explain the firm
? Write about history and reason why now
? Main regulatory priorities and areas of focus within the UK regulatory environment and of its continuously changing nature
? The importance of regulatory compliance, both for the firm and the industry sector as a whole.
? My responsibilities as head of Governance, Risk & Compliance
? What Governance, Risk & Compliance is
? Benefits of Governess, Risk & Compliance

b) Write a plan that sets out the topics that you will cover during the follow-on one hour training session. You should state the objectives of the training, what will be covered, how you will deliver the training and why you have chosen both the topics and the method of delivery. However, the detailed content of the training is not required.

(25 marks)

? objectives of the training
? what will be covered
? how you will deliver the training
? why you have chosen both the topics
? the method of delivery
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Added on 17.05.2015 11:20
Few more details/ Notes
Regulation reacts to events. These might be scandals, economic developments, political change or black swan events.
Regulatory Compliance is not negotiable, but the cost of it is. In fact effective compliance should notbe a cost to the business. Done well, effective regulatory compliance can be a contributor to a firm s bottom line

Book reference:
The Black Swan by Nassim Nicholas Taleb
All you need to know about the city by Christopher Stoakes