Tag: SMCR

Two of the UK’s biggest financial regulators are investigating the ties between US financier Jeffrey Epstein and Barclays’ CEO Jes Staley, the bank has revealed.

The Senior Managers and Certification Regime (SM&CR) was set up in 2016 to ensure accountability among financial services.

SM&CR has increased emphasis on personal accountability within firms and caused many senior managers to abandon ship for less risky roles, Ascent partner lead Maria Phillips told FinTech Global.

The UK’s Financial Conduct Authority (FCA) has released a consultation on how to apply the Senior Managers Regime (SMR) to benchmark administrators.

Redland, which designs compliance solutions for financial services, has been selected by Natixis Investment Managers UK to support regulatory requirement needs.

The UK’s Financial Conduct Authority has extended the Senior Managers and Certification Regime (SM&CR) to FCA solo-regulated firms.

KYC and AML have received a lot of RegTech focus, but conduct risk needs to receive more attention, according to Dilip Mohapatra, founder at Cognitive View.

The Financial Conduct Authority is working with HM Treasury to publish its final rules on the extension to the Senior Managers and Certification Regime (SM&CR).

GRC software management company Ideagen has acquired Redland Business Solutions, a provider of regulatory and compliance software, in a £15.8m deal.

Financial institutions initially underestimated SM&CR but are beginning to realise its profound impact and the level of change it requires, according to Carl Redfern, co-founder and compliance director at Redland.