Top Bankers Face Looser Conduct Rules Under UK Deregulation Push

UK regulators are planning to streamline a post-crisis regime that covers the conduct of senior bankers, part of the government’s efforts to ease regulations and drive growth in financial services.

The Financial Conduct Authority and the Prudential Regulation Authority said in a statement Tuesday that they aim to make the so-called Senior Managers Certification Regime “less onerous” on firms while continuing to protect consumers and markets, and the safety and soundness of businesses.