In a previous alert, we discussed the proposals put forward by the UK Financial Conduct Authority (FCA) for all FCA-authorised firms to ...

Rathi wants a “more flexible” regime. But he has also said the FCA will have to rely on the “clear accountability” provided by the SMCR “to avoid putting lots of new rules in place” in its support of ...

The PRA and FCA have proposed new rules to integrate the UK’s remuneration regime and accountability regime under the SMCR more closely, including a requirement for firms to consider adjusting ...

The UK’s Financial Conduct Authority (FCA) introduced a regime to do just that back in 2016—the Senior Manager Certification Regime (SMCR)—but thus far, only one penalty has resulted from 34 ...