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The
Financial Conduct Authority and
Prudential Regulation Authority published two joint consultation papers today. The first, titled
Strengthening accountability in banks: a new regulatory framework for individuals, sets out the proposed framework for the new senior managers regime and the new certification regime: see
here (
pdf). The second paper, titled
Strengthening the Alignment of Risk and Reward: New Remuneration Rules, sets out proposed changes to the
Remuneration Code: see
here (
pdf).
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