Key Terms and Functions under SMCR
In the previous video, Roger discussed the Senior Managers regime (SMR) of conduct regulation. In this video, Roger focuses on the language used to set out responsibilities under SMR and outlines the numbering system that the Conduct and Prudential regulators use to identify which role carries which responsibility.
Overview
An understanding of SMR requires a knowledge of its vocabulary. SMR terms are defined along with a brief overview of the numbering that is assigned to each senior manager position.
Key learning objectives:
Define key phrases used in SMF
Understand the numbering system of senior managers
Summary
Expert
Roger Miles
Roger researches behavioural risks in organisations, and advises senior leaders on how best to communicate risk and conduct matters. Previously, Roger ran risk communication programmes for professional bodies and the British Government. He now runs industry-level Academies for Conduct and Culture, and produces workshops with financial firms.
