Senior Managers and Certification Regime – extension to all FS sectors and controversial ‘reverse burden of proof’ withdrawn Quote (1) – “The Treasury’s decision to abandon the reversed burden of proof for bank senior managers is the most astonishing regulatory U-turn in decades. It’s not just a change of mind, but represents the formal abandonment […]
Read MorePRA/FCA Senior Managers Regime And Employment Law Implications – Where Are We Now?
PRA/FCA Senior Managers Regime And Employment Law Implications – Where Are We Now? With the consultation on transitional arrangements for the introduction of the senior managers and certification regimes due to close on 27 February, it is a good time to take stock of the proposed new regulatory framework and assess the potential impact from […]
Read MoreFATF is coming to town near you soon
This Global Assessments’ Calendar provides an overview of planned assessments for the FATF and FATF-Style Regional Bodies (FSRBs). This is a complete list of assessments against the FATF Recommendations by the FATF, the FSRBs or the International Monetary Fund and the World Bank. This list is for information purposes only and without prejudice to the […]
Read MoreEnsuring the UK remains open for business – requirements for foreign-owned firms – speech by Clive Adamson (FCA)
Clive Adamson, Director of Supervision, FCA, has given a speech entitled “Ensuring the UK remains open for business – requirements for foreign-owned firms” at the Association of Foreign Banks. Mr Adamson’s speech covered the following topics: • what conduct regulation means for firms; • how the FCA is supporting evolving business models; • the role of senior management; […]
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