In The Media: The Senior Managers Regime

Eliza Hawthorn September 18, 2015

The Senior Managers Regime has received a multitude of press coverage over the past month due to the announcement of additional rules (and the broadening of the existing rules) by Mark Carney, governor of the Bank of England, in his speech last Month. The 'final rules' were released at the beginnning of the month in CP15/22 Strengthening accountability in banking. The rules establish Carney's aim is to create a ‘culture of accountability’ by introducing precautionary, precise and punishable measures.

Catch up with the latest news on the SMR below, or read our summary here.

Senior Managers Regime: So Far

Eliza Hawthorn June 16, 2015

The Senior Managers Regime (SMR) aims, simply, to clearly assign responsibility and accountability to those in positions that directly affect the success, or indeed failure, of organisations in the banking sector.

It is designed to encourage individual accountability for decision-making in banks, building societies, credit unions and Prudential Regulation Authority (PRA) designated investment firms. As of last week...

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