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UK PRA

The Prudential Regulatory Authority (PRA) of the UK is a department of the Bank of England

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Banks Push to Soften UK Accountability Rules

by Starling Insights

Observations

Feb 02, 2023

The British government is reportedly under pressure from banks to relax core parts of the Senior Managers and Certification Regime (SMCR) — post-Financial Crisis regulation designed to hold senior officials accountable for misconduct on their watch.

The 2022 Compendium is available now!

Now in its 5th year, Starling's Compendium features over 60 contributors from across the industry as well as detailed analysis of the latest trends in culture & conduct risk supervision.

2020 UPDATE | United Kingdom

by Starling Insights

Compendium

May 04, 2020

With the UK set to leave the European Union, 2020 was always going to be a turbulent year. More than a thousand banks, asset managers, other financial firms were expected to open UK offices following Brexit. At the same time, an estimated 7,000 jobs were also expected to be relocated to financial hubs abroad. But that was before the COVID-19 crisis put banks at the fore in policy responses to the ensuing economic fallout. ...cont

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