Invitation to ARMA members working in financial institutions

Last week’s Turner report has raised the bar on record management yet again:

“In the future the FSA’s supervisors will seek to make judgements on the judgements of senior management and take action if in their view those actions will lead to risks to the FSA’s statutory objectives. This is a fundamental change.” DP 09/2 11.14 p. 186.

Evidence would suggest that few are able to clear the current MiFID Article 51 bar. The Committee of European Securities Regulators (CESR) has given us the option to comment on the current level of standards across Europe – we have until 7 April to respond if we want this “low priority” to be taken seriously http://www.cesr.eu/index.php?docid=5641.

The JWG-IT Think-Tank, who are leading new approaches to EU record keeping requirements, invite you to an industry seminar on 30 March from 16:00-18:00 at a financial institution in Canary Wharf, London to:

1. Review of the recent FSA shifts and MiFID Art. 51 implementation status
2. Discuss the what a ‘good list of minimum records for wholesale business’ looks like (including an overview of our FSA Industry Guidance efforts)
3. Agree next steps (including the response to the CESR/09-088 work plan).

Drinks will follow the seminar.

This seminar is open to all JWG-IT members and employees of financial institutions. Regardless of where you sit - compliance, facilities, technology, operational risk or elsewhere – we welcome your participation.

To reserve your seat, please contact jitz@jwg-it.eu