The FCA and PRA are seeking to put their tough talking into practice.

Alison McHaffie, a partner at the CMS Financial Services team in London.

• assesses the extent to which the regulators are achieving their goal of holding senior management to account.
• considers recent enforcement cases, and developments such as the new senior managers regime for banks and the increasing use of personal attestations.

Click here to read her thoughts: http://bit.ly/1BeZU7b

Since this article was written, the PRA and FCA have published consultation papers on their proposals for a ‘senior insurance managers’ regime’ (SIMR).

• The PRA and FCA consultation on SIMR closes on 2nd February. http://www.bankofengland.co.uk/pra/Documents/publications/cp/2014/cp2614.pdf
• HM Treasury’s consultation on the application of the banking regime to UK branches of foreign banks closes on 30th January https://www.gov.uk/government/consultations/regulating-individual-conduct-in-banking-uk-branches-of-foreign-banks
• the latest consultation from PRA/FCA on forms, consequential and transitional aspects closes on 27th February. http://www.bankofengland.co.uk/pra/Documents/publications/cp/2014/cp2814.pdf