Culture & Accountability

This combined webinar will provide members with an overview of the Employment and Regulatory considerations and challenges faced by firms dealing with the increased focus on culture and accountability, recent feedback from the Central Bank of Ireland from inspections and industry engagement, balancing the employment and regulatory requirements when managing these issues and practical tips and guidance for firms looking at how they might embed the new Individual Accountability Framework (including the Senior Executive Accountability Regime) and the implementation issues we anticipate firms will need to consider.

Title: Culture and Accountability: Increased Regulatory Expectations for Fitness and Probity and Embedding a New Individual Accountability Framework (incorporating SEAR)
Date: Tuesday, 11th May, 2021
Speaker: Lorna Smith, Partner, Financial Services Regulatory Group at Maples Group, Dublin
Karen Killalea, Partner and Head of the Employment Group at Maples Group, Dublin
Alison Gibney, Senior Regulatory Executive, Financial Services Regulatory Group at Maples Group, Dublin
Stephen Carty, Partner, Financial Services Regulatory Group at Maples Group, Dublin
Venue: Webinar
Time: 12:00 – 13:00
CPD: 1 Hour LCOI and FCOI (Compliance)
Fee: €25 members, €35 non-members

 

Speaker:

Lorna Smith, Partner, Financial Services Regulatory Group at Maples Group, Dublin
Lorna Smith is a Partner in the Dublin Financial Services Regulatory team at Maples and Calder, the Maples Group's law firm. Lorna has over 10 years' experience in financial services regulation, and in addition to more traditional industries like banking, insurance and investment services, Lorna’s practice also focuses on growth sectors such as fintech, alternative lending and sustainable finance.
Lorna guides new financial institutions establishing in Ireland, across all industry sectors including MiFID investment firms and fund service providers, banks, insurers, emoney and payment firms, and credit servicing and retail credit firms. She also regularly advises on the transfer of regulated businesses, including regulatory due diligence.
Lorna advises firms on their ongoing regulatory obligations, including remuneration and corporate governance, outsourcing, fitness and probity, anti-money laundering, capital management, and industry-specific conduct of business and investor protection requirements.
Lorna helps clients manage regulatory engagement, both in a supervisory and enforcement context, and implement new requirements and robust compliance frameworks. She - has conducted comprehensive gap analyses and assurance reviews to manage regulatory risk, including working on Risk Mitigation Programmes, inspection remediation, and industry-wide reviews such as the Tracker Mortgage Examination.
Lorna joined the Maples Group as a Partner in 2021, having previously worked at large Irish law and accountancy firms.
Lorna is a member of the Council of the Fintech and Payments Association of Ireland and Co-Chair of its Regulatory Insights Group. Lorna is a member of the Association of Compliance Officers of Ireland, Irish Funds and the Law

Karen Killalea, Partner and Head of the Employment Group at Maples Group, Dublin
Karen is head of Maples and Calder's Employment team in the Maples Group's Dublin office. She has over 18 years’ experience advising clients on all aspects of employment law including contractual matters, sensitive investigations, employee privacy issues, GDPR, gender pay gap preparation, TUPE, HR aspects of corporate re-structuring and asset disposals, industrial relations, working time, equality issues, executive compensation, removal of directors and senior executives and the protection of confidential information. Karen’s recent cases include securing court orders to prevent the theft of confidential information, restraining a team move and defending a High Court challenge to the suspension and investigation of a senior employee. She regularly represents clients before the WRC and the courts and has extensive experience of successful mediation and dispute resolution.
Karen joined the Maples Group as a Partner and Head of the Employment team in 2019. Previously, she was a partner with a large Irish corporate law firm. Before that, Karen worked for Linklaters in their Rome office. She has been ranked and recommended by independent legal directories:
"Karen uses her immense experience of and expertise in employment law to advise and direct her clients as specifically as she can." (Chambers Europe 2020)
"Her ability to understand issues and explain our options in a clear and concise manner has had a major impact." (Chambers Europe 2020)
“Karen has a can-do attitude and an exceptional level of service.” (Chambers Europe 2017)
“Strong experience across employment law issues, including sensitive employment litigation and transactional work. Very practical and responsive, and really knowledgeable of the employment sector.” (Chambers Europe 2016)
“An experienced employment law specialist and litigator, clear, pragmatic and well prepared.” (Chambers Europe 2015)
“Provides trustworthy advice and direction.” (Who’s Who Legal 2017)
Karen is a fluent Italian speaker.
Member of the International Bar Association

Alison Gibney, Senior Regulatory Executive, Financial Services Regulatory Group at Maples Group, Dublin
Alison is a Senior Regulatory Executive in the Irish Financial Services Regulatory team at Maples and Calder, the Maples Group's law firm. Alison has over 8 years' experience as a compliance and regulatory professional within the financial services industry. Alison's particular focus is the provision of technical expertise, assisting clients across all industry sectors including AIFMs and UCITS management companies, MiFID investment firms and fund service providers, banks, insurers, e-money and payment firms, and credit servicing and retail credit firms.
Alison has a strong practical knowledge of regulation and guidance across a number of core areas, including corporate governance, anti-money laundering, data protection, culture and fitness and probity, cyber security, MiFID, UCITS, AIFMD and KIIDs. Alison also advises on authorisations, top-up permissions and change of control notifications for regulated firms.
Alison supports clients in dealing with the regulator, advising on day-to-day compliance queries, drafting and implementing robust compliance frameworks and providing training sessions on key themes to boards and senior management. She also works with the broader team to manage upstream regulation and publish client updates on key regulatory changes.
Alison joined the Financial Services Regulatory team at the Maples Group in November 2017 having previously worked at Euronext Dublin (formerly the Irish Stock Exchange) and a Dublin-based asset management firm.
Alison is a member of the Association of Compliance Officers of Ireland, Irish Funds and the Institute of Banking. She is also a member of the Alternative Investment Management Association's Digital Assets Working Group.

Stephen Carty, Partner, Financial Services Regulatory Group at Maples Group, Dublin
Stephen is a partner of Maples and Calder's Funds & Investment Management team in the Maples Group's Dublin office where his practice primarily involves representing asset managers in connection with their Irish operations. He has extensive experience advising clients on the establishment and operation of Irish regulated investment funds, in the context of the significant legal and regulatory developments impacting this area. Stephen also has strong expertise in UCITS regulation, in particular UCITS AIFs as well as significant experience in AIFs authorised under the Irish AIFMD regime. He also advises asset managers establishing Irish authorised investment management and fund management entities, as well as the regulation of investment services in Ireland under the MiFID regime.
Stephen joined the Maples Group in 2010 from a large Irish corporate law firm, where he was partner and head of investment funds. He was also previously a partner in a leading Irish law firm, during which time he managed the firm's Tokyo office, with responsibility for Asia. Stephen has spent time on secondment working for a leading US law firm and in a leading law firm in Australia.
Stephen has been recommended in the Legal 500's 2019 rankings and ranked by Chambers Global where clients report that he is "an excellent problem solver who thinks outside the box, "is very pragmatic and commercially focused" and ‘excellent in providing technical advice in a commercial way".
Stephen regularly publishes in various financial services and legal periodicals. He also presents at international conferences on Irish regulatory aspects of investment funds. He is Chair of the Irish Funds UCITS Product Steering Group and participates in various initiatives involving the Irish funds industry.

When
5/11/2021 12:00 PM - 1:00 PM
GMT Daylight Time

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