Schengen Area and Senior Managers Regime: Difference between pages

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''European Union (EU)''.
''Financial services - UK''


Collective term for the 26 European countries - 22 EU member states, plus four other countries - which have open borders between them.
(SMR).


The UK's Senior Managers Regime aims to raise standards of governance, increase individual accountability and help restore confidence in the banking sector.


The 22 participating EU member states are:
It defines and allocates key senior responsibilities to named senior individuals.


:Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain and Sweden.


The other four members of the Schengen Area are:
The SMR is supervised by the Financial Conduct Authority (FCA).


:Iceland, Liechtenstein, Norway and Switzerland.


 
==See also==
====Four EU member states expected to join Schengen====
*[[Anti money laundering]]
The following EU member states are expected to join the Schengen Area in due course:
*[[Compliance]]
 
*[[Financial Conduct Authority]]
:Bulgaria, Croatia, Cyprus and Romania.
*[[Governance]]
 
*[[Risk policy]]
 
*[[Three Lines of Defence Model]]
====Two EU member states opted out of Schengen====
Ireland and the United Kingdom (UK) opted out of the Schengen arrangements.
 
The UK subsequently left the European Union itself.
 
 
====Origins====
The originating Schengen Agreement was signed in 1985 in the Luxembourg village of Schengen, by five countries:
 
:Belgium, France, Germany, Luxembourg and the Netherlands.
 
 
 
== See also ==
* [[Brexit]]
* [[European Free Trade Association]]
* [[European Economic Area]]
* [[European Union]]
__NOTOC__

Revision as of 21:41, 13 November 2016

Financial services - UK

(SMR).

The UK's Senior Managers Regime aims to raise standards of governance, increase individual accountability and help restore confidence in the banking sector.

It defines and allocates key senior responsibilities to named senior individuals.


The SMR is supervised by the Financial Conduct Authority (FCA).


See also

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