Time is running out for asset managers to make SMCR progress
New regime begins in December 2019
Jacqui Hughes of KPMG UK
364 days. That is all the time asset managers have left to be ready for the Senior Managers and Certification Regime (SMCR) by 9 December 2019, writes Jacqui Hughes, head of wealth and asset management regulation at KPMG UK.
But Brexit preparations and regulatory fatigue has left progress delayed across too many firms in a way they simply cannot afford. Asset managers have known this was coming since July 2017, and as the...
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