Open letter calls for urgent Treasury Select Committee scrutiny over weakening of post-crisis financial protections – Your Capital Minds

Are the proposed SMCR reforms a step towards efficiency or a step back in accountability? - VinciWorks

The UK may be about to gut one of its most significant post-crisis financial reforms. In a joint move that could reshape how accountability is handled in financial services, HM Treasury (HMT) and the Financial Conduct Authority (FCA) have launched consultations that propose scrapping core elements of SM&CR—including the entire Certification Regime.   What’s being proposed? HM Treasury wants to cut the regulatory burden of SM&CR by half through t…

Open letter calls for urgent Treasury Select Committee scrutiny over weakening of post-crisis financial protections – Your Capital Minds

The founder of the Transparency Task Force has called on Dame Meg Hillier MP and the Treasury Select Committee to intervene over what he describes as a “coordinated and dangerous” rollback of consumer and regulatory protections across the UK’s financial services sector. In an open letter, Andy Agathangelou, a longstanding campaigner for accountability and financial reform, warned that recent changes to the Senior Managers and Certification Regim…

Open letter calls for urgent Treasury Select Committee scrutiny over weakening of post-crisis financial protections

The founder of the Transparency Task Force has called on Dame Meg Hillier MP and the Treasury Select Committee to intervene over what he describes as a “coordinated and dangerous” rollback of consumer and regulatory protections across the UK’s financial services sector. In an open letter, Andy Agathangelou, a longstanding campaigner for accountability and financial reform, warned that recent changes to the Senior Managers and Certification Regim…