Bruce Davidson: Solo-regulated firms should beware SM&CR 'blind spot'

There are now not even nine months to go before the Senior Managers & Certification (SM&CR) applies to "solo-regulated" financial services firms in the UK. Many useful lessons are being learned from the "dual-regulated" banks and insurance companies that are already subject to the SM&CR, but one important blind spot may be being overlooked. Most businesses have correctly taken away the key message that the certification regime, with its requirement for relevant staff to be annually reassessed as "fit & proper" to carry out their duties, needs to be embedded directly into business-as-usua...