... It was found that this ruling shows the difficulty facing senior individuals who have worked in head of compliance and other senior management functions within firms which are subsequently subject to discipline and enforcement for breaches of FSA rules and principles in relation to corporate governance...

... against approved persons, as well as authorised firms. This paper examines the circumstances in which senior managers may find themselves personally culpable for regulatory breaches and become the subject of disciplinary proceedings. © MCB UP Limited 2002 Senior managers Discipline Financial...