You are here

UK bankers jostle to be junior as tough rules kick in

Senior Managers Regime replaces a system that UK lawmakers criticised for giving illusory control over individuals with little prospect of enforcement action
Tuesday, March 8, 2016 - 05:50

Public anger that so few senior bankers were punished after taxpayers bailed out the industry in the financial crisis has led to the rules that make it easier to hold them to account.


NEW rules to hold bosses responsible for wrongdoing at British banks is deterring some bankers from taking on senior management roles and even prompting big-hitters to play down their own importance, say legal and compliance specialists.

Public anger that so few senior

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom