Tag Archives: individual accountability

FCA publishes proposals to extend the Senior Managers and Certification Regime

The FCA has published proposals to replace the Approved Persons Regime with the Senior Managers and Certification Regime (SMCR) currently in force for banks. Almost all financial services firms will be required to comply with the SMCR. There is a … Continue reading

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Filed under Asset management, Banking, Funds, Investment banking, Investment Funds, UK

The Push for Individual Accountability and D&O Insurance Coverage

On September 9, 2015 Sally Yates, the Deputy Attorney General, released a memorandum entitled "Individual Accountability for Corporate Wrongdoing," which was addressed to all federal prosecutors.   The so-called "Yates Memo" emphasizes that fighting corporate fraud and wrongdoing is a … Continue reading

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Filed under US

US: DOJ prioritizes prosecution of individuals

The US Department of Justice (“DOJ”), in a memorandum issued to all federal prosecutors on Wednesday September 9, 2015, directed prosecutors to focus on seeking accountability from culpable individuals in their investigations of corporate wrongdoing. ¬†Additionally, the memorandum emphasized that … Continue reading

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Filed under Americas, Corporate Crime, US