The United Kingdom on Thursday reversed course on a plan that would have required bank executives to prove their innocence in compliance violations, and separately proposed tightening oversight of senior managers.
Plans by British regulators to extend accountability rules to the nation's financial market firms could mean new training duties, and at a fast clip, for individuals responsible for anti-money laundering programs.
A proposal to hold British bankers more accountable for compliance failings could soon extend to senior executives of foreign banks, U.K. regulators said Monday.
The United Kingdom Tuesday outlined how it might soon get tougher on tax cheats through revised penalties and clearer standards for criminal prosecutions when individuals are aided by commercial advisors.
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