First the Bribery Act, now the Banking Reform Act reverses the burden of proof

IICJ -

In July 2014, in response to the Banking Reform Act the Financial Conduct Authority ('FCA') and Prudential Regulatory Authority ('PRA') published a joint consultation paper on the proposed Senior Management Regime ('SMR'), Certification Regime and Conduct Rules. In the light of this, Rob Mason, Becky Stones, Derek Patterson and Toby Duthie at Forensic Risk Alliance examine 'reasonable steps' companies can take to demonstrate compliance as they face a broadening regulatory drive to reverse the 'Burden of Proof'.

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