Banking Standards Board consults on certification risks and issues

The Banking Standards Board is consulting on guidance that will help firms identify and deal with risks and issues that arise when they are assessing fitness and propriety under the SMCR. The draft guidance covers:

  • factors for firms to take into account when evaluating the evidence they use to assess fitness and propriety
  • what options firms have available when making their certification decisions
  • some examples of dealing with risks
  • good practice in recording assessment outcomes

The BSB asks for comment by 29 September.