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Last updateTue, 24 Feb 2015 5pm

REFERENCES: Banking on a new code

05 February 2016  

Important aspects of proposed new rules for the financial sector on providing job references could be unworkable as they currently stand, warns Stephen Levinson

Regulators in the City are keen to improve standards of conduct and get rid of those who infringe them. A consultation on new rules for providing references for senior bankers and insurance executives, as well as some non-executive directors, closed in December 2015. The rules are intended to prevent individuals with a history of poor conduct being recycled from one firm to another. The proposed implementation date is 7 March 2016, when the new senior managers and certification regimes come into effect.

 

Last modified on 05 February 2016