The Senior Managers & Certification Regime (SMCR) aims to protect consumers by empowering firms and regulators to hold people within the financial sector to account.
The regime allows for clear visibility over the responsibilities and accountability of senior managers in particular.
Here are some key facts about the Senior Manager and Certification Regime:
“With UK regulators intent on driving cultural change at all levels within the banking and insurance industries, the Senior Managers and Certification Regime (SMCR) provides significant challenges to organisations looking to manage the impact . SureCloud’s SMCR software solution aims to cut through this complexity and helps operationalise your SMCR program; aiding the documentation of decision making, record keeping and maintenance of a comprehensive audit trail.”
-SureCloud’s Product Director, Alex Brown