The Bank of England has published two speeches on reforming culture and behaviour in the financial services industry. The first speech considers the actions taken by the UK authorities since the Fair and Effective Markets review (FEMR) and highlights the progress described in the July 2016 FEMR implementation report and outlines some of the broader lessons for other jurisdictions from the FEMR experience. The second speech relates to the PRA’s approach to culture and accountability, including the senior managers regime (SMR) and remuneration rules, and how this approach is applied to individual firms. The speech notes that a priority for the prudential reform agenda in the UK has been ensuring there is a clear and transparent answer to the question of who is in charge at a firm.