Insights

Conducting Suitability Assessments of Directors and key Function Holders: Practical considerations

Welcome to the Banking & Finance Monthly Webinar Series

We are very pleased to announce that, as from January 2021, the banking and financial institutions team at Ganado Advocates will be holding a series of monthly webinars on current topics of interest for clients and contacts. 

The first webinar of this series will be held on the 19 January.

Featured Speaker

Catherine Formosa – Senior Associate 

Synopsis

Supervised entities have the primary responsibility to carry out their own due diligence and suitability assessment prior to the proposed appointment of directors, members of executive management and key function holders. The outcome of the assessment is then to be provided to the competent authority as part of the approval process. Re-assessments should also be undertaken periodically or upon the happening of trigger events.

Although entities differ in structure, size, risk profile and business model, a suitability assessment invariably needs to address assess competence, reputation and integrity, time commitment as well as the independence of mind of the individual in question, whilst also taking into account the specifics of the role being assessed. The webinar will give insights into how an entity should conduct a suitability assessment, primarily against the backdrop of the Joint ESMA and EBA Guidelines on the same subject matter.

If you have any queries please email library@ganado.com          

Registration

Participation is free of charge upon registration. Click below to register.