Insurance Ireland – EisnerAmper Ireland INED Forum
Thursday, 22nd November, Stephen’s Green Hibernian Club, Dublin 2
2pm – 5pm (Registration opens at 2 pm)
November 22nd will be the final gathering for 2018 of the Industry INED community under the auspices of the Insurance Ireland – EisnerAmper Ireland INED Forum. Please note that the Annual Insurance Ireland INED Seminar supported by EisnerAmper Ireland will take place on February 8th 2019 at the Marker Hotel – a date for your diary, and we look forward to seeing you then.
To close out this year’s INED fora, and reflecting the INED community’s feedback, we will be assessing the potential impacts and implications for the industry of proposals which have been outlined in recent speeches by, amongst others, the Central Bank of Ireland’s Director of Enforcement (August 2018), the Director of Securities and Markets Supervision (September 2018) and more recently by the wider senior management team at the Central Bank’s conference on Culture, Diversity and the Way Forward (October 2018) referencing proposals for the adoption of a Senior Executive Accountability Regime, or “SEAR”. This proposed regime would place obligations on firms and senior individuals within them to set out clearly where responsibility and decision-making lie for their business. It is intended to be modelled on the UK’s Senior Managers and Certification Regime (SMCR).
This approach is reflective of current regulatory proposals targeting 4 areas, including:
- The introduction of proposed enforceable conduct standards on regulated firms and the individuals working within them;
- The establishment of a senior executive accountability regime to ensure clearer responsibility and accountability by placing obligations on firms and senior individuals within them;
- Enhancement of the current Fitness & Probity regime to strengthen the onus on firms to proactively assess individuals in controlled functions on an ongoing basis; and
- Creation of a unified Central Bank enforcement process, enabling it to pursue individuals accused of wrongdoing directly.
Agenda for the afternoon:
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2.00pm – 2.30pm |
Registration, Networking and Refreshments |
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2.30pm – 2.40pm |
A welcome from Insurance Ireland CEO Kevin Thompson |
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2.40pm – 3.30pm |
Presentation & Panel Discussion, including Q&A Presentation & Panel Discussion, including Q&A David Montgomery, EAI, moderator and subject matter expert Mary Fulton, INED (including for Allianz Global Life dac and Hannover Reinsurance (Ireland) dac) and Seamus Creedon, INED with experience of working with UK SMCR regime. |
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3.30pm – 3.35pm |
Closing remarks from Insurance Ireland CEO Kevin Thompson |
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3.35pm – 5.00pm |
Networking and Refreshments |
This Insurance Ireland EisnerAmper Ireland Event is open to Insurance Ireland members only or by invitation from our CEO.
For further details click our event registration website.
Registration is strictly via our online event registration tool.
If you have any questions about this event contact una.coleman@insuranceireland.eu
A photographer will be present at this event. Photos will be posted to our website and used in our marketing and communications collateral. If you do not wish to be included please mention to the photographer and/or contact the event organiser in advance.