Response to FCA consultation paper CP19/4 on the Senior Manager and Certification Regime

The response expresses disagreement with the regulatory proposal to exclude  the Head of Legal in regulated firms from the requirement to be approved as a Senior Manager by the regulators. The Centre considers, most importantly, that there is a  public interest benefit in the Heads  of  Legal being accountability to the regulators for the promotion of effective risk management and the prevention of wrong-doing within regulated firms.