Just five senior bankers in the UK have been fired for “disciplinary reasons” in the five years since the introduction of rules intended to hold bank bosses more accountable, Financial News can reveal, despite fines for misbehaviour totalling just under £1bn over the same period.
The UK’s Financial Conduct Authority received the notifications of dismissals of senior bankers for failure to comply with behavioural expectations outlined under the 2016 Senior Managers and Certification Regime, according to data obtained via a Freedom of Information Act request by FN.
