SFA Eases Proposals On Individual Accountability For Bank Failures

- By Risk Staff
- 22 Sep 1997

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

THE UK's Securities and Futures Authority (SFA) has backed off from proposals that would have automatically held a company's senior executives responsible for future Barings-style collapses of financial institutions (RMO, October 23, 1995).

However, the regulator is pushing ahead with proposals to force financial institutions to disclose the names of individual executives responsible for compliance with regulations.

Such disclosure statements would spell out the role of a bank's senior compliance

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net