We use cookies on all our websites to gather anonymous information about your visit that helps us to make improvements and increase performance. By continuing you are consenting to these cookies.

If you would like more information or would like to change your cookie preferences, please visit our cookies page.

Alex Fraser Comments on the proposed extension of SMCR to all authorised firms

27 July, 2017Alex Fraser

Commenting on the release of the FCA’s consultation on the extension of the Senior Managers and Certification Regime to all authorised firms, Alex Fraser, Chief Executive at the London Institute of Banking & Finance, said:

“We welcome the additional clarity provided by this consultation. We believe that the acknowledgement of the need for flexibility and the fact that organisations across the industry will be impacted differently by the regime is an essential consideration. Following the initial consultation period and as the scheme is rolled out, we hope to see this consideration for firms’ differing needs at the forefront of the implementation process. Ultimately, this scheme should set consistent and realistic standards across the sector, as well as ensuring the best outcomes for customers. The London Institute of Banking & Finance looks forward to working with our members and others across the industry to provide support as the changes are implemented.” 

Learn what SMCR means for your business with our Executive Education course, enrol here.