On 3 April 2020, the FCA and the PRA issued a joint statement concerning their expectations of dual regulated firms as regards the senior managers and certification regime in light of the COVID-19 pandemic. The FCA and PRA recognise that firms directly affected by the pandemic will need to keep their governance arrangements under review. Where they can, the FCA and PRA intend to provide flexibility to dual-regulated firms. The statement goes on to discuss:… Continue Reading