Senior management responsibility in financial services

Financial services regulators have made clear their view that responsibility for the culture of a financial services firm sits at the top; if senior management create the right culture, good regulatory practice and procedures will naturally follow.

Following the 2008 global financial crisis senior management have come under increasing regulatory scrutiny and in some jurisdictions new rules have been implemented to make it easier to make them accountable for their actions. These new rules are particularly pertinent as financial services’ firms navigate their way through the COVID-19 pandemic.

This comparative guide will help you to understand how senior management responsibility in different types of financial services firm (excluding insurers) is being treated in key jurisdictions around the world. The guide can be used to review individual countries and also to create and customise comparative reports between different jurisdictions.

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Once registered, the guide can be found in the 'Cross-border guides'.