Tag: senior managers regime
Special report: Future-proofing financial services
From compliance to new technology and broader stakeholder engagement, financial services firms today must be fighting fit in order to thrive. Enter the effective board, which must govern like never before. In this special report, we outline six key areas of knowledge and insight to equip boards for the unprecedented challenges ahead.
Enforcement activity of City watchdog FCA increases
The Financial Conduct Authority sees a rise in the number of cases brought to its attention by whistleblowers, and awaits its first case involving the new Senior Managers and Certification regime.
Executives warned of action using senior managers regime
Prudential Regulatory Authority warns it will act using the senior managers’ regime where executive behaviour is found to be wanting.
Senior managers’ regime expanded
Rules to make bank executive and non-executive directors more accountable for failings will be extended across the financial sector, but plans for stricter treatment of parties as “guilty until proven innocent” have been shelved.