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UK finance ministry delays plans for new senior managers regime

By Sofia Gerace ( January 24, 2025, 15:59 GMT | Insight) -- A review of the UK Senior Managers and Certification Regime — a set of regulations to ensure the accountability of executives and staff in key functions with financial services firms — has been expected for months. Financial regulators are understood to be ready to publish a commitment to consult on the matter after a review of the topic was conducted in 2023, but plans have been delayed by the finance ministry.The UK finance ministry has been delaying the publication of its review of the Senior Managers and Certification Regime, despite the regulators' approval of the next steps, MLex understands....

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