Tag: SM&CR

Robinhood’s founders have apologised for its users being unable to tap into their accounts. But angry users snapped back that it's too little, too late to say sorry.

Two of the UK’s biggest financial regulators are investigating the ties between US financier Jeffrey Epstein and Barclays’ CEO Jes Staley, the bank has revealed.

The Senior Managers and Certification Regime (SM&CR) has been extended it to include 47,000 more firms.

SM&CR has increased emphasis on personal accountability within firms and caused many senior managers to abandon ship for less risky roles, Ascent partner lead Maria Phillips told FinTech Global.

The UK Financial Conduct Authority (FCA) has released a consultation on how to apply the Senior Managers Regime (SMR) to benchmark administrators.

Edinburgh-headquartered TSB Bank will sack up to 400 people and close 86 branches across the UK as the lender also announced new tech investments.