Transparency one of the biggest issues for banks amid regulatory changes
The UK’s planned senior
manager regime will be a massive challenge for bank compliance
teams who will be charged with showing how they are following
the new rules when they take effect next year, a consultant has
Britain's Prudential Regulation Authority,
part of the Bank of England, and the Financial Conduct
outlined in a consultation paper ten days ago a new model
to ensure senior managers are made accountable for the conduct
of their staff.
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