<p>Regulators say removing ‘unnecessary burdens’ will save businesses about £2bn over 10 years</p><p>The UK is watering down rules introduced in the aftermath of the financial crisis that were designed to hold City bosses accountable for wrongdoing.</p><p>The plans, put forward by the financial industry’s two top regulators, the Bank of England and the Financial Conduct Authority (FCA), include a reduction in reporting for “lower-level misconduct” and would also free 140,000 managers from extra checks.</p> <a href="https://www.theguardian.com/business/2026/oct/22/uk-relax-post-2008-rules-hold-city-bosses-accountable-wrongdoing">Continue reading...</a>
World
UK to relax post-2008 rules that hold City bosses accountable for wrongdoing
<p>Regulators say removing ‘unnecessary burdens’ will save businesses about £2bn over 10 years</p><p>The UK is watering down rules introduced in the aftermath of the financial crisis that were designed to hold City bosses accountable for wrongdoing.</p><p>The plans, put forward by the financial industry’s two top regulators, the Bank of England and the Financial Conduct Authority (FCA), include a reduction in reporting for “lower-level misconduct” and would also free 140,000 managers from extra checks.</p> <a href="https://www.theguardian.com/business/2026/oct/22/uk-relax-post-2008-rules-hold-city-bosses-accountable-wrongdoing">Continue reading...</a>