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In this short video, partner Nathan Willmott, discusses the practical implications of the proposed new Senior Managers Regimes (SMR)  for banks and insurers, and the impact on individual employees, including:

  • background to the new regimes;
  • the new three-tier framework for UK banks;
  • aspects of the regimes common to UK banks and insurers; and
  • next steps pending publication of the final rules.