September 13th 2018

Member Query – FS Regulators

Given the expectations of FS regulators on ensuring the incentive arrangements for control functions are independent of the entities they exercise control over, a member is interested in understanding how the incentives of control functions (risk, compliance, audit, actuarial) are structured.  They have asked, are they aligned to:
1. Group performance?
2. Another entity?
3. Their business’ scorecard excluding any financial performance measures?
4. A bespoke scorecard relating to control functions only e.g. risk metrics and qualitative assessments?
5. Individual performance only?

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If you are not a member of the PARC network and are interested in membership please contact Richard Hargreaves, Commercial Director, on +44 (0) 20 3457 2630 or at richard@parcentre.co.uk.

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