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Senior Management and Certification Regime – the new politics?

After the successful implementation of the Senior Management & Certification Regime (SMCR) in the banking sector, the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) will extend SMCR to all FCA regulated firms in the financial services sector.

The responsibilities of Senior Managers – the key decision makers who hold one or more Senior Manager Functions within an organisation – will be codified so that there is no ambiguity regarding their areas of accountability; they will now be “on the hook” if something goes wrong under their watch.

Find out more about SMCR and how Xcina Consulting can help you navigate this important regulatory change by reading our white paper.