Sign up for our free daily newsletter
YOUR PRIVACY - PLEASE READ CAREFULLY DATA PROTECTION STATEMENT
Below we explain how we will communicate with you. We set out how we use your data in our Privacy Policy.
Global City Media, and its associated brands will use the lawful basis of legitimate interests to use
the
contact details you have supplied to contact you regarding our publications, events, training,
reader
research, and other relevant information. We will always give you the option to opt out of our
marketing.
By clicking submit, you confirm that you understand and accept the Terms & Conditions and Privacy Policy
From March next year, managers at UK banks will face greater accountability to the Financial Conduct Authority and the Prudential Regulation Authority for lapses caused by their junior colleagues. This could cause a wave of unfair-dismissal claims, as managers could pre-emptively fire staff that put the company at risk, said Jon Gilligan, a partner at GQ Employment Law.
Tension
‘The FCA’s and PRA’s determination to create much more individual responsibility for any failures that occur in the banking sector is likely to cause considerable upheaval throughout the City and create significant tension between senior managers and banks’ HR and Legal teams,’ Mr Gilligan said. Source: Bloomberg Business
Email your news and story ideas to: [email protected]
