Comment: A new era for international compliance?

With great power comes great responsibility. Yet in the era of the senior managers and certification regime (SMCR), heads of compliance have found out that even a medium amount of power now comes with an almost unpalatable amount of personal accountability - and legal jeopardy, writes Andrew Shrimpton.  In many cases, this has already resulted in an unseemly game of buck-passing, as senior managers attempt to work out who is legitimately responsible for what - and what can be distributed elsewhere. And for the 10% of currently-approved persons who are not based in the UK, it has been tem...