Is the Senior Managers and Certification Regime Changing Banking for Good?

In 2016 the Senior Managers and Certification Regime (SMCR) came into being. It sought to improve banking culture through attribution of responsibility individuals provide clarity on required conduct standards. marked a shift away from collective towards more individual accountability that had been so lacking following financial crisis 2007/08. Its scope is expansive, including not just board executives but also senior managers. this paper, I question whether there are indications SMCR achieving its objective ‘changing for good’. do by analysing design application in practice as well meaning regulatability culture. conclude though could make strides better culture, potential being curtailed inconsistent messaging irresolute application.