Rumblings over UK review of ‘bad apples’ regime
Plans to reform Senior Managers and Certification Regime raise concerns over backsliding on conduct in financial industry
Former Barclays chief Jes Staley can consider himself unlucky. In the six years after UK authorities introduced stringent rules governing the conduct of senior managers, Staley was the only individual subject to an enforcement action under the regime, after he was found to have mishandled a whistleblower complaint in 2018. A total of 53 investigations opened by the Financial Conduct Authority
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