SEC chief sees potential in UK’s senior managers regime
Mary Jo White says she is ‘very interested’ in UK accountability regime
The top US securities regulator today (June 18) said she was "very interested" in the UK's senior managers' regime (SMR) as a tool for instilling a better culture in financial firms.
Mary Jo White, the chair of the Securities and Exchange Commission (SEC), said there had been "less emphasis on personal accountability than there should have been" in the US to date, with the SMR representing an "intriguing" possible solution.
The SMR establishes clear lines of accountability in firms, exposing
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