FCA: Senior managers' regime no end to action against firms

Speaking at the New York University director of enforcement and market oversight Mark Steward said the new rules were no free pass for firms and heavy fines on corporates would still be issued for misconduct. Implemented last year, the senior managers' regime was the result of recommendations by the UK Parliamentary Commission on Banking Standards, which asked for a regime that would put a greater onus on individual responsibility of senior managers. The regime is set to be widened out to...