SMCR

Discussion included NFM, Ai-generated transcription, and gifts and entertainment controls.

What FINMA is proposing and five lessons the Swiss can learn from the UK’s Senior Managers Regime.

Firms deploying AI in compliance are preserving descriptions of their systems; a regulator wants a record of one decision, on one file, on one day.

Mid-sized private equity and credit houses confront December deadline to expand beyond climate or risk regulatory censure.

Switzerland is overhauling financial governance, regulatory intervention, and executive pay. Read our overview, timeline, and comparison with the UK SMCR.

Simon Morris, Financial Services Regulatory Partner at CMS, and Laura Bridgewater, Disputes Partner at Macfarlanes discuss recent FCA regulatory actions and enforcement trends.

John Higgins and Maria Symeon share practical advice on documenting oversight, managing delegation, and evidencing challenge.

Firms should expect the Review’s analysis to inform supervisory priorities, perimeter policy and future guidance across a range of areas, with the FCA continuing its plans to regulate for growth.