# City regulators propose easing post-crisis accountability checks on managers

- URL: https://talkfuse.com/story/uk-to-relax-post-2008-rules-that-hold-city-bosses-accountable-for-wrongdoing/
- Published: 2026-10-22T20:00:49+00:00
- Updated: 2026-10-22T20:37:20+00:00
- Original publisher: The Guardian (publisher lean: Left)
- Original article: https://www.theguardian.com/business/2026/oct/22/uk-relax-post-2008-rules-hold-city-bosses-accountable-wrongdoing
- Topics: Business, Markets, UK, World

## Key points

- UK regulators propose easing accountability checks for City managers.
- About 140,000 staff would be freed from enhanced checks.
- Regulators estimate £2bn in business savings over 10 years.

## Summary

The Bank of England and Financial Conduct Authority plan to ease post-financial-crisis rules on accountability in the City. The proposals would reduce checks on managers and reporting of some lower-level misconduct, as regulators seek to cut what they describe as unnecessary burdens on firms.

Around 140,000 managers would no longer face enhanced checks; annual “fit and proper” assessments would focus on the most senior executives, such as chief executives and finance chiefs. Firms would report serious misconduct, final warnings and dismissals, while initial concerns would still be raised with senior leaders. Regulators estimate the changes would save businesses about £2bn over 10 years and reduce their own costs by £11.5m for the Bank and £229m for the FCA each year.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.