The New Senior Managers Regime: A Guide

On 7th March 2016 the new regulatory Senior Managers Regime came into force for the UK banking and insurance sectors.

This Blog is a guide to the banking regime (SMR). Many of the same rules are also included in the insurance version of the regime (SIMR) but we concern ourselves here mainly with the SMR.

The SMR replaces the old ‘Approved Persons Regime’ and is the tool now used by the UK regulators – the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) – to assess and approve whether people in key management positions in UK financial firms are ‘Fit and Proper’.

And it reaches far and wide, especially when it starts getting applied to other financial firms (as well as banks and insurance companies) in 2018.

But what does it all really mean and how will it help?

Politics and The English Language: A New Look

George Orwell’s essay Politics and the English Language still resonates with readers today, and was part of the inspiration behind the founding of Prism­-Clarity.

Here we take a new look at this seminal piece and why it is still so relevant.

The argument is that language and politics are inseparable: politics is language and language is politics. Thought corrupts language, and language corrupts thought.

The message is that going back to clear English not only transforms bad writing into good, but helps clean things up more generally.

Maybe in other parts of professional or business life, not just politics. Maybe even in banking.

NorwichForum

20 Tips For Writing Clear English

In an earlier blog I talked about George Orwell’s essay Politics and the English Language, which set out some of the author’s ideas about clear English.

This new blog has 20 further tips on how to write in a clear Orwellian style.

Here I reclaim the word Orwellian, and use it only positively, the essence of good writing and clear English.

This blog extends Orwell’s rules, and tries to pin down what we mean by that, using writing techniques Orwell might have approved of.

Good Documentation Matters for Financial Firms

Good documentation still matters for firms in the financial sector in this online age. This blog explains why.

There is so much more riding on it now. More complexity to explain. More choice for the consumer to get her head around. More personal accountability for executives, non executives and public officials.

More risk, more threats, with more potency, that governments, regulators, firms and consumers need to understand and mitigate.

Clarity is the key to that understanding and mitigation.

Good documentation delivers the clarity we need to make the right choices and navigate the complexity.