Hamlyn Highlights: February

Welcome to the latest edition of the Hamlyn Williams newsletter, Hamlyn Highlights. This is our first monthly round-up and as we reflect on the past month, we are excited to share some highlights and valuable resources with you.

February has been a period of growth, learning, and exciting developments within our sectors of expertise - in these monthly round-ups, you can find all the latest on your sectors of interest, as well as some thought-provoking and insightful articles that can really help push your boundaries and take you to the next level.

Latest Resources

In case you missed it, here are some of our recent resources that you might find valuable:

• Top Cyber Security Trends: 2024
• Audit Market Report 2023/24
• How to Foster Diversity and Inclusion in the Workplace
• Beating Imposter Syndrome: A Job Seeker's Guide
• Unlocking Success with a Winning Team
• Leading the charge in life sciences data science recruitment

Explore these resources to stay updated on the latest industry trends, expert insights, and actionable advice.

Sector Specialism: Governance Spotlight

This month we're looking at governance trends in European recruitment with top insights from Richard Pedreschi .

Regulatory Developments:

The European Central Bank (ECB) recently published the results of its 2023 Supervisory Review and Evaluation Process (SREP) along with its supervisory priorities for the years 2024 to 2026. The SREP, an annual exercise, assesses EU banks' risks, determining capital requirements and guidance for individual banks. Notably, the 2023 SREP highlighted the continued strength and resilience of the euro area banking sector, with banks maintaining solid capital and liquidity positions above regulatory requirements. Additionally, the ECB's supervisory priorities for 2024-2026 emphasize the need for supervised entities to bolster resilience to immediate macro-financial and geopolitical shocks, expedite remediation of governance shortcomings, enhance management of climate and environmental risks, and advance digital transformation efforts while fortifying operational resilience frameworks.?

Industry Updates & Trends:

Stay informed about industry trends reshaping recruitment strategies across Europe. From the acceleration of remote work to digital transformation, organisations are adapting their talent acquisition practices to thrive in an evolving landscape.?

Diversity & Inclusion Initiatives:

Explore the latest diversity and inclusion initiatives within the recruitment sector. Embracing diversity not only fosters innovation but also cultivates inclusive workplace cultures, attracting top-tier talent.?

Focus on Governance:

Gain insights into risk management, compliance, and the growing importance of Environmental, Social, and Governance (ESG) considerations. Understand the implications of regulations such as Crypto Assets regulation, MiCA, and the Corporate Sustainability Reporting Directive (CSRD) for recruitment agencies operating in Europe.?

Crypto Assets Regulation & MiCA:

The forthcoming Crypto Assets regulation and Markets in Crypto-Assets (MiCA) legislation, slated for 2024 implementation, will have profound implications for financial institutions and recruitment agencies alike. Stay ahead of compliance requirements and understand how these regulations will impact your operations.?

Corporate Sustainability Reporting Directive (CSRD):

With the CSRD set to come into force in 2024, companies operating in the EU must prepare to disclose climate-related and environmental risks, accelerating the shift towards sustainable practices. Explore how this directive will shape reporting obligations and governance frameworks within the recruitment sector.?

ESG Considerations & Supervisory Priorities:

The ECB's supervisory priorities for 2024-2026 underscore the importance of integrating ESG considerations into governance frameworks. Understand the imperative for strengthening resilience to macro-financial and geopolitical shocks, remediation of governance shortcomings, and effective management of climate and environmental risks.?

Here are some reputable sources where you can find more information on the topics mentioned in this governance overview:

• ECB's Supervisory Review and Evaluation Process (SREP) and Supervisory Priorities ECB Press Release: https://www.bankingsupervision.europa.eu/press/pr/date/2023/html/ssm.pr231219~e35067c504.en.html
• Crypto Assets Regulation and MiCA European Commission - Digital Finance: Crypto Assets Regulation: https://ec.europa.eu/info/business-economy-euro/banking-and-finance/financial-markets/digital-finance_enEuropean Parliament - MiCA: Markets in Crypto-Assets: https://www.europarl.europa.eu/news/en/press-room/20210630IPR05610/meps-approve-eu-plans-to-regulate-crypto-assets
• Corporate Sustainability Reporting Directive (CSRD) European Commission - Corporate Sustainability Reporting Directive (CSRD): https://ec.europa.eu/info/business-economy-euro/company-reporting-and-auditing/company-reporting/sustainability-reporting_en
• ESG Considerations & Supervisory Priorities ECB Banking Supervision: Supervisory Priorities: https://www.bankingsupervision.europa.eu/press/pr/date/2023/html/ssm.pr231219~e35067c504.en.htmlEuropean Commission - Sustainable Finance: ESG Considerations: https://ec.europa.eu/info/business-economy-euro/banking-and-finance/sustainable-finance_en

Stay connected with Hamlyn Williams for in-depth analysis, actionable insights, and expert guidance on navigating the evolving governance landscape in European recruitment.

Stay on Track

Looking for your next career move or seeking top talent for your team? Visit the Hamlyn Williams website to explore our latest job opportunities, industry insights, and how our expert recruiters can assist you in taking the next step in your career.

Explore Opportunities on Hamlyn Williams: https://www.hamlynwilliams.com/jobs/

Thank you for being part of our Hamlyn Williams community. We look forward to bringing you more news, updates, and insights next month.