The Credit Union Conference 2016

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Course Content:

The Economics of Credit Union Regulation

  • Rationale for regulation
  • Types of regulation
  • Principles of good regulation
  • UK Credit Unions (Structure and Regulatory Framework)
  • Irish Credit Unions (Structure and Regulatory Framework)
  • Questions – why the difference between the two regulatory environments?
  • Recommendations from CUAC (June 2016) review

Presenter: Donal McKillop, Professor of Financial Services, Queen’s University Belfast


Crucial Audit and Accounting Issues Facing Credit Unions

  • Audit Planning
    • RCU Letter
    • Credit Union Act 1997 Regulations 2016
    • Reserves
    • Liquidity
    • Lending
    • Investments
    • Savings
    • Borrowing
    • Systems
    • Controls & Reporting Arrangements
  • FRS 102
    • Primary Statements
    • Investments
    • Tangible Fixed Assets
    • Provisioning
    • Leases
    • Employee Benefits
    • Revenue Recognition
    • Key Management Personnel
    • First Time Application
  • Other Audit Matters
    • Going Concern
    • Management Letters
    • Statutory Duty Declaration
    • Mergers

Presenter: Denise O'Connell, Grant Thornton


The Evolving Governance Model for Credit Unions

  • Governance Review
  • Rules-Based Model
    • Governance Code Intent
    • Resulting Board Behaviour
  • Principles-Based Model
    • Governance Code Intent
    • Resulting Board Behaviour
  • FRC: The UK Corporate Governance Code
  • FRC: The UK Stewardship Code
  • GCWG Resolutions
  • The Governance Code Stewardship Guidelines
  • Tracking the Relationship between Credit Union Governance and Performance
  • Board Effectiveness Trends
  • Credit Union PRISM Risk Assessments Supervisory Commentary
  • Proposed Guide Board Oversight Committee Terms of Reference and Work Plan
  • Board Oversight Committee Stewardship

Presenter: Alan McDonnell, Good Governance Solutions


Risk Management and its Interaction with the Assurance Framework 

  • Welcome & Introduction
  • Defining what is the 'Assurance Framework'
  • Where does the Risk Focus Reside
  • Regulatory Risk Focus
  • Risk Assessment Model
  • Developed Risk Management Systems
  • Strong Controls and Governance Frameworks
  • How Well are Activities 'Integrated'
  • Potential Barriers to Overcome
  • Risk or Certainty
    • Fraud Risk
    • Third Party Management
    • Cyber Security

Presenter: Justin Moran, Mazars


Internal Audit - Key Challenge and Issues

  • Internal Audit - The Story so Far
  • The Internal Audit Challenge
  • Interaction with other Functions
  • Key Internal Audit Areas of Focus
  • Embedding the Function
  • Conclusion

Presenter: Michelle O'Donoghue, Russell Brennan Keane


Key Regulatory Compliance Trends for 2017 and Beyond

  • Outsourcing
  • Lending to SME Regulations
  • Central Credit Register
  • 4th Money Laundering Directive
  • Ethics, bribery, corruption, lobbying and whistleblowing
  • Cybersecurity
  • EU General Data Protection Regulation
  • Payment Services Directive II
  • Enforcement

Presenter: Shane Martin, Walkers Global


Anti-Money Laundering: Addressing the Issues Raised in the 2015 Central BOI Report

  • Achieving Effective AML/CFT/FS Compliance
  • Governance - A Shared Responsibility
  • Risk Assessment as a Necessary Starting Point
  • Development of Policies and Procedures
  • Training and Record-Keeping
  • Conduct of Customer Due Diligence
  • POP's and Higher Risk Scenarios
  • Ongoing Monitoring and Suspicious Transaction Reporting
  • EU Financial Sanctions

Presenter: Shane Martin, Walkers Global

 

Courses
Program Details
  • Max Subscription Days:
    180
  • Credits:
    7.0
  • Code:
    OPCUCL16
  • Price:
    €115.00 by Stripe