Senior managers’ regime: accountable hierarchy in the financial services industry

Financial services 40 minute briefings

October 4, 2017

The partners of the Norton Rose Fulbright LLP financial services team invite you to their latest breakfast briefing.

Our breakfast briefings provide insight, practical knowledge and information, and act as a forum for sharing views and advice.

The briefings are likely to be of particular value to senior and middle management within financial institutions with responsibility for compliance, capital markets, investment management, legal, risk and trading.


When HM Treasury announced plans to extend the senior managers’ regime Tracey McDermott, acting FCA chief executive at the time, said: “Extending the senior managers and certification regime is an important step in embedding a culture of personal responsibility throughout the financial services industry.” However, whilst there was arguably a need for an overhaul in the banking sector, some in the market have questioned whether smaller firms will be swept up in a reform designed to solve a problem in bigger businesses. Importantly, the current regime for banks has now been operating for some time and there is an opportunity to take some lessons from what’s worked well and what has not.

  • Latest FCA thinking on extending the senior managers’ regime
  • Lessons learnt from the banking sector experience
  • The Chief Operations SMF and Head of Key Business Area SMF
  • Toolkits and gap analysis: implementation projects examined


The briefings count towards SRA continuing competence. There is no charge for attending.


The briefings will be recorded via webcast and are available after the briefing.

For further information please email:

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