The UK Prudential Regulation Authority's (PRA) proposals for
the senior manager regime have drawn criticism from the City
over the past month.
Regulators must give up on turning back the
According to the PRA, the proposals are intended to create a
new framework to encourage individuals to take greater
responsibility for their actions, and will make it easier for
both firms and regulators to hold individuals to account.
The new regime creates lines of responsibility leading up to
a senior individual who is...