FCA proposes new measures to maintain focus on individual accountability and culture in banking

Banking Alert

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On 28 September 2016, the Financial Conduct Authority (FCA) marked six months since the implementation of the Senior Managers and Certification Regimes by providing feedback on its implementation so far and proposing measures to further strengthen the regime. The new measures are part of the FCA's continued focus on culture, and build on initiatives to further empower it to identify and hold senior individuals in banking and insurance firms to account.