SMR is a dramatic step in banking regulation, with the onus on making individuals more accountable
By Abi Olapade, Principal Consultant and Specialist in
Regulatory Compliance at GFT
When I first considered the significance and impact that the
Senior Management Regime (SMR) would have on banking standards,
I immediately thought of the words of King Henry IV from
Shakespeare’s Henry IV, Part II: "Uneasy lies the
head that wears the crown". Is there a more apt line to
describe how many senior managers must now be feeling with the
introduction of SMR?
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