Effective implementation of the SMCR | Allen & Overy LLP
To embed, copy and paste the code into your website or blog: The Prudential Regulation Authority (“PRA”), in December 2020, published a report following an evaluation of whether the Senior Managers and Certification Regime (“SMCR”) is meeting its original aims. The report includes PRA observations on how firms have implemented the SMCR and, although the PRA does not suggest radical changes to the regime, here we set out practical considerations on some of the key points made. Recruitment and diversity PRA finds that senior management teams should have diverse skills and experience, no...
Source: jdsupra.com