The number of fines issued to senior bankers by the financial regulator has dropped 40% since 2010. The Financial Conduct Authority (FCA) issued 18 fines to finance professionals categorised as performing a so-called significant influence function in 2013, marking a drop from the 30 fines handed out in 2010, law firm Reynolds Porter Chamberlain (RPC) […]
Read More“The new regulatory regime for senior bankers in the UK”
Big changes to the regulatory regime for senior bankers are on their way as a result of the Financial Services (Banking Reform) Act 2013. The regulators have still to consult on the detail, but the main points are already clear. This briefing looks at the implications of the new regime. http://www.freshfields.com/uploadedFiles/SiteWide/Knowledge/00294_PG_Corp_Senior%20Persons%20Regime_V3.pdf
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