Financial Conduct Authority confirms approach to improving responsibility and accountability in the banking sector

Financial Conduct Authority confirms approach to improving responsibility and accountability in the banking sector

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Financial Conduct Authority confirms approach to improving responsibility and accountability in the banking sector

By Financial Conduct Authority UK

This 2015 announcement from the Financial Conduct Authority (FCA) marks a pivotal shift in UK financial regulation, moving from the broad Approved Persons Regime (APR) to a more targeted and stringent framework: the Senior Managers and Certification Regime (SM&CR).

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