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A U.K. financial regulator Monday outlined plans to expand its oversight of senior bank managers to include high-level non-executives, including chairs of risk and audit committees. The proposal, first disclosed in July, would allow British regulators to fine or otherwise penalize chairpersons and other non-executives who fail to meet compliance expectations. Banks would need to obtain regulatory approval of the non-executive directors (NEDs), who would then be subject to the agency's conduct rules. The Financial Conduct Authority (FCA) said in a statement that it had narrowed its original list of NEDs to six positions in an effort to better focus...