Tag: Senior Manager Regime
Heads on the Block as LIBOR meets the SM&CR
The transition away from Libor On 19 November 2019, the FCA published a Q&A document regarding conduct risk during the transition away from LIBOR. As the FCA notes, the discontinuation of LIBOR will affect many firms, in terms of: developing and offering new products linked to risk-free rates; assessing and reducing their own and clients’ […]
SM&CR- Happy Christmas from the FCA
Christmas came early yesterday with the publication of three papers by the FCA detailing the proposed transition from the Approved Persons to the Senior Managers and Certification Regime (“SM&CR“). We shall have a brief look at two of the papers: CP17/40: Individual accountability: Transitioning FCA firms and individuals to the Senior Managers & Certification Regime […]