How will latest changes to Volcker Rule affect non-US banks?
Kathleen A. Scott discusses the final Volcker Rule, focusing on some of the issues raised by non-US banks in their comments.
UK Senior Managers and Certification Regime (SMCR) hub
Publication | August 2019
The Senior Managers and Certification Regime (SMCR), which has been in force for local, EEA and third country banks operating in/into the UK since March 2016, will be extended to cover all FCA solo-regulated financial firms on December 9, 2019.
The SMCR represents a significant change to the expectations of firms’ culture and conduct, and seeks to ensure greater individual accountability is embedded, and conduct standards are raised, in firms operating across the UK financial services industry.
Our SMCR hub has been created on the NRF Institute to provide a comprehensive understanding of the new expectations for anyone preparing for, and needing to comply with, the new regime. The hub provides access to briefings, videos, events, and blog posts, as well as our SMCR toolkit.
Register for the hub
To request access to the SMCR hub, please register to join NRF Institute.
Registration indicates acceptance of the terms and conditions which include important information about how our product will be delivered.
Members of NRF Institute can access a range of premium content including knowledge hubs and cross-border guides.
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