New UK rules clear the way for more banker prosecutions
Proposed regulations on individual accountability will have significant impact on how senior bankers in the UK operate and structure their business lines, lawyers believe
New management oversight rules for UK banks could make prosecuting managers far easier for failures in supervision, and will shift the onus onto managers to show they took proper precautions – a dramatic shift from the state of play at present, lawyers say.
Lawyers at London-based firm Ashurst say the impacts of the UK's new regulatory framework for individuals will be wide-ranging, as a higher number of financial firms' staff will be affected under proposed rules released for comment in July
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