Global Accountability & Competency

Individual Accountability Regimes

Although each regime has established its own unique set of terms and underlying expectations, the result remains the same; to strengthen individual accountability across an organization to mitigate risk and identify red flags sooner. Across each regime, the primary expectations remain relatively the same:

  • A detailed and documented outline of functions and responsibilities mapped to Senior Executives.
  • The ability to produce an audit trail and effectively report on all of the above.
  • A fit & proper assessment and certification of your employees who are carrying out controlled functions within your business.
  • A clear record of breaches related back to the conduct rule that are enforced through annual attestations.
  • Robust Reasonable Steps processes to record what Reasonable Steps your Senior Executives are taking to mitigate the risk of breaches occurring.
  • Robust training and education to support the execution of responsibilities and foster a strong set of cultural values.

Accountability & Competency Solutions

Ensure you comply with the Financial Conduct Authority’s (FCA) guidance on the Senior Manager & Certification Regime (SMCR).

Establish and maintain a reliable Individual Accountability and Conduct program to guarantee compliance with the Monetary Authority of Singapore’s (MAS) regulations.

Be certain you’re going to be able to comply with the Central Bank of Ireland’s (CBI) guidance on the Individual Accountability Framework (IAF).

Guarantee your firm complies with the latest guidance on the Banking Executive Accountability Regime (BEAR) and the Financial Accountability Regime (FAR).

Develop a culture of compliance, drive firm-wide adoption, and protect your firm’s reputation with a solution that builds trust and certainty.

How It Works


E-Books, Checklists & More

Visit our extensive library of IAR resources for actionable advice and best practices related to specific regimes, including SMCR, IAC, IAF, and FAR.

Our award-winning solution simplifies operational processes, and supports greater efficiency and accuracy, whilst reducing costs and risk. It enables traceability and gives you confidence that you’re meeting your regulatory requirements.

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