Online training
Senior Manager Accountability
The purpose of our Senior Manager Accountability courses is to raise awareness of the regulations in many countries that aim to increase accountability of senior managers. Several regulators have issued new directives that will have an important impact on banks and other financial institutions.
Geography Covered: Global | Duration: 40-45 minutes
Summary
The financial crisis of the late 2000s and its causes triggered regulators in key financial centers to focus on the importance of firm culture and conduct. Over the last few years, several jurisdictions have adopted new regulations to increase the accountability of senior managers. The UK’s Senior Managers and Certification Regime is at the forefront of this regulatory initiative. Other regulators in Hong Kong, Singapore and Australia have followed suit, promulgating regulations and guidelines similar in spirit to the UK rules. The US has also implemented regulations to improve accountability.
According to a recent study, more than 60% of senior managers interviewed are in favor of the new regulations and believe they are effective in improving financial firm conduct and compliance
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