On 9 December 2019 the Senior Managers and Certification Regime (SMCR) will be extended to FCA solo-regulated firms including many firms in the wealth and asset management sector. It has been in place for larger (dual-regulated) firms since March 2016 and, based on our experience of what has happened within these firms, we expect some significant changes for newcomers to the regime too.
On 9 December 2019 the Senior Managers and Certification Regime (SMCR) will be extended from dual regulated firms (larger financial institutions) to FCA solo-regulated firms including boutiques and many in the wealth, insurance and asset management sector. Adrian blogs on the 5 ways this may impact job hunters who are FCA regulated individuals.
The call for cultural change in the financial and professional services sectors is not new. This has arguably been gathering pace since the financial crash of 2008. Could we though now be on the cusp of real change?
BBC news alerts on our phones seem to be constant these days. There is of course the small issue of Brexit which is keeping journalists occupied. However, the state of the economy also features heavily in the news: large corporate collapses have dominated the headlines in recent times.
The current discussion around the dismissal of McDonald's boss, Steve Easterbrook has focused attention on a very important point. Just what should employers be doing to ensure their workplaces reflect the current mood and culture around banishing sexual misconduct and sexual harassment?