image credit: Unsplash

Britain to Reform Accountability Rules for Senior Bankers, Insurance Executives

March 31, 2023

Britain on Thursday launched a long-awaited consultation on reforming rules brought in after the global financial crisis to make top bankers accountable for their decisions, saying a globally competitive finance sector is key to economic growth.

Britain broke regulatory ground with its Senior Managers and Certification Regime (SM&CR) which applies to senior bankers, and officials at insurers and asset managers.

Read More on Insurance Journal