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Senior Managers Regime: Proposed 'U-turn' on the Presumption of Responsibility?

16 October 2015

Although controversial, the Presumption of Responsibility has been one of the key components of the regulators' proposals for the Senior Managers Regime. It therefore came as somewhat of a surprise when the Government published a draft Bill on 15 October 2015 that proposed to abolish the Presumption of Responsibility (even before it has come into force).

For more information on this development, read our blog post on this topic: “Proposed ‘U-turn’ on the Presumption of Responsibility?

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