Corporate Governance Code: Provision 29 (Material Controls) for financial services

Emma Clayton, Partner, Financial Services Assurance, Deloitte
Emma is a Deloitte Audit and Assurance Partner specialising in Banking and Capital Markets. She has over 16 years of experience working with banks and other financial services companies in an audit and an assurance capacity. 

Jessica Dahlstrom, Head of Corporate Governance, Financial Reporting Council
Jessica joined the FRC in January 2023 and is Head of Corporate Governance. She has worked in the public and private sectors as an economist and governance expert, advising government, regulators and private investors on regulation and risk. Prior to joining the FRC, she was chief of staff and director of corporate affairs at Guy's and St Thomas' Hospital, where her role included providing advice and support to the chief executive as well as overseeing changes to the corporate governance framework during a period of mergers and organisational change.

Tracy Gordon, Director, Deloitte UK Centre for Corporate Governance
Tracy is one of the leaders of the Deloitte UK Centre for Corporate Governance, specialising in corporate governance matters. She regularly presents to clients at the Deloitte Academy, and directly to boards and audit committees, on the latest governance and corporate reporting developments. As the author of Deloitte UK’s governance publications, Tracy also conducts benchmarking exercises and provides bespoke training for board members. She closely follows the government’s ‘Restoring trust in corporate governance and audit’ reform agenda, frequently presenting on these developments, including the new Provision 29 material controls declaration.

She is also the executive officer for the UK Audit Committee Chairs’ Independent Forum and a member of the ICAEW’s Corporate Governance Committee.

Louis Macmillan, Partner, Finance & Controls Assurance, Deloitte
Louis is a Deloitte Partner leading our Financial Services Controls business, with 16 years of experience partnering with clients on internal controls transformation and framework improvements. Louis is leading Deloitte's response to Provision 29 in the Financial Services Industry and is at the forefront supporting several organisations prepare for the changes in regulation.

David Wood, Director Enterprise Risk Management, Yorkshire Building Society (YBS)
David is Director of Enterprise Risk at YBS and currently leading a transformation programme covering risk operating model, frameworks, platform, processes, and preparations for Provision 29. The aim is to transition from a traditional model of risk management to risk as a key strategic enabler supported by continuous technology and data improvement. He has 23 years’ experience across a range of risk and audit roles covering both prudential and non-financial risk. This experience spans a variety of firms including large incumbent banks (RBS, HBOS, LBG), challengers (TSB) and most recently the mutual sector (YBS). Key deliverables include development and embedding of enterprise risk frameworks, technology and data; strategic risk management and oversight; delivery of successful Internal Ratings Based (IRB) waivers, compliance with Capital Requirements Regulation (CRR), compliance and oversight of Internal Capital & Liquidity Adequacy Assessments (ICAAP & ILAAP); oversight of the end-to-end credit cycle including IFRS9 compliance; and regulatory horizon scanning and liaison.