Strategic Report
Governance Report
Financial Statements
Other Information
Some of the Committee’s key considerations are outlined in the table below:
Main activities during the year Key risks against risk appetite
Reviewed key risks faced by the Group, including emerging risks with particular focus on operational, investment, resilience, outsourcing and suitability risks that could impact the business strategy and operational model. Reviewed the third-party outsourcing oversight process by the first and second line, particularly the impact to the firm as it embeds a new operating model. Reviewed key risks in relation to regulatory change with specific focus on embedding the Consumer Duty and TCFD.
Third-party risk management
Regulatory development
Annual suitability reviews
Reviewing the Group’s approach and completion rates for annual suitability reviews.
ICARA, Liquidity Risk Management Framework
Supervised the ICARA process undertaken in the year, including the development of harm scenarios, stress tests and reported to the Board the level of capital and liquidity resources required.
(“LRMF”) and Wind- Down Plan (“WDP”)
Client money and assets (“CASS”) framework
Reviewed the structure and operating effectiveness of the Group’s CASS framework.
Looking forward Key priorities for the Committee in the coming year continue to include ensuring business model resilience in the ongoing geopolitical and economic environment, maintaining a sustained focus on investment and suitability risks, along with further enhancements to the operational resilience, Consumer Duty, TCFD and third-party oversight frameworks.
Approval This report, in its entirety, has been approved by the Committee and the Board of Directors on its behalf by:
Robert Burgess Risk and Compliance Committee Chair
11 September 2024
Brooks Macdonald Group plc Annual Report and Accounts 2024
99
Made with FlippingBook - professional solution for displaying marketing and sales documents online