On-demand webinar recording
PCF and INED roles: protecting regulatory compliance
In this on-demand session, fscom's Fred McDowell is joined by Russell Burke, independent non-executive director and former member of the CBI's payments authorisation team, to discuss what PCF roles mean in practice for firms.
About 40% of attendees said they were not fully clear on the responsibilities and accountability that come with a PCF role. This session addresses that gap with practical guidance on governance, oversight and fitness and probity.
Complete the form to watch the recording and get a clearer view of how boards, INEDs and PCF holders can strengthen governance and compliance maturity.
What you will take from the session
This webinar looks at the governance decisions firms face when appointing PCF holders, structuring INED oversight and documenting fitness and probity in a way that stands up to regulatory scrutiny.
Fitness and probity is ongoing
Understand why PCF assessments should be treated as an ongoing obligation, not a one-off approval, and why firms should keep a concise written record of how each assessment was reached.
Raise concerns early
See why the annual confirmation to the CBI is a checkpoint rather than the moment to start dealing with concerns about a PCF holder.
Build the right PCF model
Explore how board and PCF structures should reflect the nature, scale and complexity of your firm, including the current expectation for at least two INEDs.
Assess dual-hatting carefully
Learn where the CBI is likely to challenge combined or fractional roles, especially where decision making may appear too thinly spread or insufficiently based in Ireland.
Plan for succession and cover
Get clear on what temporary officer arrangements need in practice, from written CBI agreement to timing for permanent PCF applications.
Strengthen board oversight
Hear practical views from Fred and Russell on how boards and INEDs can improve accountability, escalation and governance discipline around PCF roles.
Need support after the webinar?
If the session raises questions about your board structure, PCF accountability or fitness and probity processes, our team can help you assess where your firm stands and what to strengthen next.
Who should watch this webinar recording?
This session is built for senior managers, compliance leaders, board members, INEDs and firms preparing people for PCF responsibility, especially where accountability, governance design and CBI expectations are under review.
What topics does the recording cover?
The discussion covers ongoing fitness and probity assessments, escalation of concerns, board and INED structures, dual-hatting and fractional appointments, and succession planning for temporary and permanent PCF roles.
Why does this matter for boards and INEDs?
PCF decisions shape accountability, board challenge and regulatory confidence. The session looks at how firms can document decisions well, strengthen oversight and show that governance arrangements are proportionate to the business.
What will I learn about dual-hatting?
You will hear where combined roles may be challenged, why the CBI usually resists combining Chief Compliance Officer and Chief Risk Officer responsibilities, and how firms should explain any proposed structure.
Will the recording help with succession planning?
Yes. The webinar covers temporary officer arrangements, the timing expected for permanent applications and the need to apply the same fitness and probity standards during periods of transition.
How can fscom help?
fscom can support your firm with governance reviews, board effectiveness, fitness and probity assessments, PCF structure challenge and practical compliance maturity work shaped around your regulatory expectations.
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Turn the discussion into stronger governance
fscom works with financial services firms to strengthen governance, board oversight and compliance maturity. If you want to review your PCF structure, challenge your fitness and probity approach or prepare for regulatory scrutiny, we can help.
About fscom
fscom advises financial services firms across governance, risk and compliance, with support shaped by former regulators, bankers and compliance professionals.
We help firms assess board structures, challenge governance design and build stronger accountability around regulated roles. That includes practical support for fitness and probity assessments, PCF appointments and broader compliance maturity priorities.
If this webinar highlights questions in your own governance model, we can help you work through them with clear, evidence-based advice.