The senior managers' regime does not shift corporate liability onto individuals and will not spell an end to action against firms, the Financial Conduct Authority (FCA) has said.
Speaking at the New York University director of enforcement and market oversight Mark Steward said the new rules were no free pass for firms and heavy fines on corporates would still be issued for misconduct....
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till