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Accountability Regimes: Will they succeed in changing behavior and culture in banking?

by Ciaran Walker

Compendium

May 15, 2022

The Senior Managers and Certification Regime (SMCR) has been in place in the UK since 2016. It has provided a model for the subsequent introduction of new individual accountability regimes in Hong Kong (the Manager-in-Charge regime, 2016), Australia (the Banking Executive Accountability Regime, 2018, soon to be replaced by a more extensive Financial Accountability Regime), and Singapore (Guidelines on individual accountability and conduct, 2021), ... (cont)