UK to relax post-2008 rules that hold City bosses accountable for wrongdoing
What the 2 sources said
“UK to relax post-2008 rules that hold City bosses accountable for wrongdoing”
Regulators say removing ‘unnecessary burdens’ will save businesses about £2bn over 10 years The UK is watering down rules introduced in the aftermath of the financial crisis that were designed to hold City bosses accountable for wrongdoing. The plans, put forward by the financial industry’s two top regulators, the Bank of England and the Financial Conduct Authority (FCA), include a reduction in reporting for “lower-level misconduct” and would also free 140,000 managers from extra checks.…
Read at The Guardian – World“UK to relax post-2008 rules that hold City bosses accountable for wrongdoing”
Regulators say removing ‘unnecessary burdens’ will save businesses about £2bn over 10 years The UK is watering down rules introduced in the aftermath of the financial crisis that were designed to hold City bosses accountable for wrongdoing. The plans, put forward by the financial industry’s two top regulators, the Bank of England and the Financial Conduct Authority (FCA), include a reduction in reporting for “lower-level misconduct” and would also free 140,000 managers from extra checks.…
Read at The Guardian – UKWhat the reports add
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