16 Aug 2018

The Senior Managers and Certification Regime makes senior bankers personally accountable for failings.

Over a decade since the global financial crisis, it is widely accepted that many of the structural causes behind the crash have now been resolved. As the dust settled on the events of 2008, policymakers worked quickly and tirelessly to build robust regulation to ensure that high-risk operating models like that of Northern Rock could not exist today.

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