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Jeremy Hunt to overhaul UK ‘senior managers’ regime’

Photo: Getty Images

Chancellor will announce review of post-crisis rules on bankers’ conduct as part of wider regulation reform.

7 December, 2022 by George Parker and Daniel Thomas in London and Laura Noonan in Basel

UK chancellor Jeremy Hunt is to overhaul the “senior managers’ regime” — rules introduced in response to the 2008 financial crisis that “terrified” senior bankers and held them personally responsible for infractions on their watch.

Hunt will announce