Senior managers & certification regime: extension to UK branches of foreign banks
Correspondence between the Chancellor and the Chairman of the Financial Conduct Authority and Governor of the Bank of England.
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Correspondence on the Treasury consultation on the possible extension of the Senior managers & certification regime to cover UK branches of all foreign banks and investment firms, that are prudentially regulated by the Prudential Regulation Authority (PRA) (as well as regulated by the FCA in their conduct of business).
Letter from Governor of the Bank of England to the Chancellor - Senior managers & certification regime: extension to UK branches of foreign banks
Letter from Chairman of the Financial Conduct Authority to the Chancellor - Senior managers & certification regime: extension to UK branches of foreign banks
The Chancellor announced the consultation in his Mansion House speech.