Events, Courses & Seminars

IOMFSA Supervisory Methodology

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Location: Upper Hall, Loch Promenade Church

This DQ sponsored free to members ACSP seminar is with Ros Lynch, Head of Supervisory Practices and Innovation Strategy, and Ron Dicks, Head of Fiduciary Services, at the Isle of Man Financial Services Authority.

This seminar covers the supervision and engagement restructure at the IOMFSA.

In terms of supervisory methodology, the IOMFSA's objective is to ensure that they have a consistent approach to the supervision of regulated entities based on the IOMFSA's assessment of the risk and impact of a firm and, where applicable, sector level.

Key points of the seminar :

• Overview of the assessment of impact at firm and sector level
• Overview of the risk assessment methodology
• Overview of the utilisation of data to support the enhanced approach
• Explanation of the engagement model based on impact and risk, including when and how to use supervisory intervention tools
• Overview of the internal governance framework to ensure consistency
• Overview of public information that explains the IOMFSA approach to supervision in a clear and concise way

There is no charge for ACSP members, associate members and their staff - please book spaces using the link below so we know how many people are attending.

Non-members are welcome and there is a £20 per person charge for non-members, bookings should be made using the link below.

Ros Lynch is Head of Supervisory Practices and Innovation Strategy at the IOMFSA. Ros joined the Authority in 2018 and her focus over the last five years has been on the development of the Authority's data systems and automation, as well as updating and enhancing the Authority's overall supervisory methodology. In 2021, the addition of Innovation to Ros' responsibilities reflects the continued importance of moving forward on the innovation agenda. Prior to joining the Authority, Ros worked for a number of Investment Firms and Stockbrokers and has held of senior risk and compliance/MLRO roles in both the Isle of Man and Ireland. Ros also worked at the Central Bank of Ireland, in the Securities and Markets Division.

Ron Dicks is Head of Fiduciaries at the IOMFSA. Ron has over 25 years international financial services experience working in the areas of fiduciary, pensions, investment banking and wealth management, including at the Board of Directors level. Ron worked more recently in the Isle of Man as a MD for a large corporate trust and service provider.

Coffee and registration for this event will be from 12 noon with a 12.30 pm prompt start.

It is expected that this event will finish at around 1.30 pm.

This event is sponsored by DQ Advocates.

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