There is little doubt that the new Senior Managers Regime and Certification Regime will prompt the Firms to connect the dots between day to day operations and accountability, but it's questionable whether it will change the culture in Financial Services. In July 2014 the regulators announced their intention to 'Strengthen accountability in banks' in their joint consultation paper FCA CP14/13/PRA CP14/14 that introduced a new regulatory framework for individuals:
