As the consultation period begins on the new senior managers regime that the Financial Conduct Authority intends to impose on some benchmark administrators,
Thomson Reuters asked Senior Partner Aziz Rahman to contribute his thoughts on it for an article, Aziz commented, “the processes follow an extension of legislation to strengthen market integrity so the likelihood of better regulation should be a decrease in potential scandals,"
"It would be wise for senior managers to follow the FCA's published guidance on statements of responsibility robustly," continued Aziz.
This article originally featured on Thomson Reuters Regulatory Intelligence, to read the full article click here. (Subscription required)
