Associate Becca Hogan comments in Thomson Reuters Accelus in relation to the Financial Conduct Authority’s Senior Managers and Certification Regime.
Becca’s comments were published in Thomson Reuters Accelus, 6 July 2017. Read the full article here.
“Lawyers predict there will be more investigations into individuals’ conduct resulting in more partial bans but fewer private warnings as the first outcomes of the Senior Managers and Certification Regime (SMR) become known…
…A partial prohibition might allow an individual to work in some aspects of financial services, but it will also become part of their regulatory references to be considered by future employers.
“It’s easier for the FCA to go for a partial ban. A full prohibition is a serious thing and something that is not taken lightly. A full prohibition requires that a high hurdle be met, whereas a partial ban is easier to achieve,” said Becca Hogan, associate at Signature Litigation.”