Mr. Sharma’s notable engagements at A&M include handling conduct, prudential, resolution and financial crime reviews for global, EU and UK regulated financial entities, including retail, private, commercial and investment banks and non-bank financial firms and insurers. He has wide experience doing regulatory due diligence for private equity firms and acquiring regulated financial entities, has served as an expert witness, and done litigation support work in regulatory compliance.

 

Prior to joining A&M, Mr. Sharma was Deputy Head of the UK's Prudential Regulation Authority (PRA), where he worked on major regulatory reforms including the liquidity, capital adequacy, risk management, governance and senior persons standards for banks, and the solvency, technical provisions, risk management, governance and senior persons standards for insurers. He led the U.K. regulator's negotiation and implementation of the Basel Committee on Banking Supervision (BCBS) Basel 2 and 3 standards, the International Association of Insurance Supervisors (IAIS) Common Framework standards and the EU Capital Requirements and Solvency II directives.

 

Prior to that, he was a Director of the Financial Services Authority, where he was responsible for the wholesale conduct implementation of the EU Markets in Financial Instruments Directive (MiFID) for the client-asset and client-money regime and the regulatory reporting regimes (COREP, FINREP, insurance). Previously, he was an Executive Director of the Bank of England, a financial services accountant, and an auditor and consultant at a Big Four accounting firm.  

 

Mr. Sharma earned a master’s degree in mathematics from Cambridge University. He is a chartered UK accountant and an actuary (Honorary UK Faculty of Actuaries). Mr. Sharma has been a member or (co)chair of the Bank of England’s Bank Resolution Committee; the PRA’s Executive, Risk and Policy Committees; the Board for Actuarial Standards (UK and Ireland); Joint Committee of the three European Supervisory Authorities; European Systemic Risk Board, Boards of supervisors of the European Banking Association; the European Insurance and Occupational Pensions Authority; BCBS and its Macro-Prudential Group; and the IAIS and its Financial Stability Committee.