The Impact Of New Legislation On Recruitment In The Finance Sector

Article Source: Forbes – Jun 3, 2016 | Karen Higginbottom

employment-screening-recruitmentThe year 2016 will see a raft of legislation in the financial services sector designed to improve accountability among senior managers and increase transparency within these firms. The legislation has been in response to addressing the culture of banking in the wake of scandals such as LIBOR, PPI and pension mis-selling. But there remain significant concerns about implementing the legislation, according to a regulation round table held last year by HireRight.

Based on discussions with senior HR and background screening executives from leading financial services firms, the “Regulation Ready: Preparing for the new regulatory framework for financial services” report reveals the questions raised about how to effectively prepare for the Senior Managers Regime (SMR), Certification Regime and Conduct Rules.

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