Following the large-scale changes and challenges faced by firms during the initial phase of COVID-19, firms are beginning to consider what their operating model will be in the next phase and over the longer-term. For individuals who are Senior Managers under the UK Senior Managers and Certification Regime (SMCR), this will involve consideration of their personal responsibilities and what amounts to ‘reasonable steps’ for discharging these on an ongoing basis. This paper sets out some common considerations for Senior Managers.
Originally published in AFME/Finance for Europe - June 2020.
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