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Ten years on from the UK SMCR: What can the Swiss learn?

UBS bank in the Swiss financial center of Zurich city. UBS Bank is the largest Swiss bank which is active globally.
Photo: Getty Images

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

The UK switched on the Senior Managers Regime (SMCR) for banks in March 2016. Ten years on, Switzerland is consulting on a version of its own, and the UK is busy taking parts of the original apart.

I spent over 20 years at UBS, so I read the Swiss proposal with

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