Senior management accountability: A global perspective

Since the financial crisis, many national regulators have sought to improve organisational culture and governance in financial services firms by reviewing or introducing accountability regimes for senior staff. Whilst each of the regimes has a similar regulatory intent, the implementation and operation of these regimes can pose a significant challenge for organisations managed and run on a global basis.

This note compares the country specific regimes of the UK, Hong Kong, Singapore and Australia, as well as the greater prosecutorial focus on individual misconduct in the U.S.