One senior manager punished in seven years under SMCR

A UK Freedom of Information request (FOI) from financial regulation consultancy Bovill shows that only one enforcement action has been taken since the introduction of the Senior Managers and Certification Regime (SMCR) in 2016. In 2018, the FCA and PRA jointly fined Barclays chief executive Jes Staley more than £642,430 ($805,000) for failing