Evaluating the outcomes of SMCR

A recent PRA report on SMCR provides feedback on the regime so far, but is its optimism premature?
by Lindsay Reid

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In December 2020, the PRA released its Evaluation of the Senior Managers and Certification Regime (SMCR) report. Its findings broadly indicate that the regime – see boxout for a brief overview of its implementation and aim – is having a positive impact and that there is much to be upbeat aboutAround 95% of the 120 firms surveyed say that SMCR is having a "positive effect on individual behaviour".
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Published: 01 Apr 2021
Categories:
  • Compliance
  • Training, Competence and Culture
Tags:
  • featured
  • SMCR
  • Regulation
  • ESG
  • diversity
  • compliance

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