Europe: The big reveal

Author: | Published: 20 Oct 2016

Can regulation improve culture? It's the biggest question facing the architects of the UK's senior managers' regime, which has been in effect since March 7 this year and is already being eyed up by other jurisdictions. An IFLR poll earlier this year revealed that 55% of readers don't think it can.

Implementation came and went, banks introduced new issue reporting practices and appointed designated senior managers, and so far there's been relatively little to say about the whole thing.

But an op-ed by the head of the UK financial services regulator Andrew Bailey – his first since taking up the role three months...