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Next phase of the new accountability regime for UK financial services

Next phase of the new accountability regime for UK financial services
Published on: 25 October 2016
Published by: LexisPSL
  • Next phase of the new accountability regime for UK financial services
  • Original news
  • What is the background to the latest rules, guidance and proposals?
  • How have the regulators dealt with regulatory references in their final rules?
  • What about the duty of responsibility and reasonable steps?
  • Has the question of buy-outs now been settled?

Article summary

Financial Services analysis: Six months on from implementation of the senior managers and certification regime, the regulators have announced further steps in the development of accountability in financial services. Andreas White, a partner at Kingsley Napley, indicates that the latest rules, guidance and consultation papers from the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) demonstrate their continued focus on culture, personal accountability and responsibility. or take a trial to read the full analysis.

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