News & Analysis as of

Prudential Regulation Authority (PRA) Senior Managers Personal Liability

BCLP

Caught in the crosshairs: How the PRA’s new Early Account Scheme impacts individuals

BCLP on

The Prudential Regulation Authority (“PRA”) has kicked-off 2024 by crystallising its new approach to enforcement. The key change is the introduction of the Early Account Scheme (“EAS”), which provides a mechanism for the...more

Morgan Lewis

The Senior Managers and Certification Regime Takes Effect

Morgan Lewis on

The regime will monumentally affect banks, building societies, credit unions, and PRA-regulated investment firms. The much-trailed Senior Manager’s Regime (SMR) was brought into effect on Monday, 7 March by the enactment...more

McGuireWoods LLP

Making Bankers Accountable

McGuireWoods LLP on

The Financial Conduct Authority and the Prudential Regulatory Authority have recently been showing signs of gearing up for the new regime which is intended to have the effect of making senior bankers and other financial...more

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