The UK Banking Standards Board (BSB) has published a statement of good practice on the assessment of fitness and propriety (F&P) within the UK’s Certification Regime (CR), and more detailed supporting guidance on implementation for banks and building societies. The BSB statement of good practice takes the form of a high-level set of principles surrounding […]

The FCA and PRA have published final rules on the regime to strengthen the accountability of individuals within banks, building societies and credit unions, which incorporate the Senior Managers’ Regime, the Certification Regime and a new set of Conduct Rules. Minor changes have been made in response to feedback received and the FCA’s consultation paper […]

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 […]

A joint consultation, “Strengthening Accountability in Banking: A New Regulatory Framework For Individuals” has far reaching implications for bankers. The consultation takes into consideration the recommendations published by the Parliamentary Commission on Banking Standards (PCBS) in its June 2013 report Changing Banking for Good and answers the requirements of the Financial Services (Banking Reform) Act […]