1 / 5

Background

Implementing Compliance Culture across the firm: Overcoming Challenges and Winning Votes Ian Lyall, Managing Director, Compliance J.P.Morgan, London Riyadh, March 24, 2010. Background. Amalagamation of many firms since the early 90’s Business and Regional Differences

gavrilla-rios
Download Presentation

Background

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Implementing Compliance Culture across the firm:Overcoming Challenges and Winning Votes Ian Lyall, Managing Director, ComplianceJ.P.Morgan, LondonRiyadh, March 24, 2010

  2. Background • Amalagamation of many firms since the early 90’s • Business and Regional Differences • How do we define Compliance Culture • What are the implications of the wrong sort of culture? • Some differences in culture • Changes in the current environment The views expressed are personal to the speaker and not necessarily those of J.P.Morgan.

  3. Practical Steps • Tone must be set from the top in words and by example • Requirements must be clearly set out • Code of Conduct • Definition of acceptable and unacceptable practices • Training and Awareness • Clear Compliance policies • Escalation/Challenge must be encouraged

  4. Practical Steps 2 • Compliance involvement in all key committees and processes. Right to say ‘no’ • Be imbedded in the business, sit with the business, know their plans • Be available and let staff know that you are • Explain your decisions • Set your own high standards

  5. Conclusion • Consistency is a challenge • Compliance is owned by Management but we must be counselling, educating and advising constantly • Training must be comprehensive and policies clear • Compliance must be seen and available and involved in all aspects of the business

More Related