About Senior Managers and Certification Regime (SMCR) Pathway

The financial crisis of 2007-2008 was a wake-up call for the financial services sector. One of the leading causes of the crisis was the lack of proper conduct and accountability within the industry. In response, the Financial Conduct Authority introduced the Senior Managers and Certification Regime (SMCR) to address these issues and improve standards of conduct. In this pathway, behavioural science and conduct expert Roger Miles and compliance and asset management expert Stephen Stokes delve deep into the SMCR. Roger will cover the reasons behind the implementation of the regime, how it operates, which roles it applies to, and the rules that must be followed. Stephen will then pick up the thread, explaining how the SMCR specifically applies to investment firms.

In this pathway

Pathway experts

Roger Miles

25 years: Behavoural science & conduct

Roger researches behavioural risks in organisations, and advises senior leaders on how best to communicate risk and conduct matters. Previously, Roger ran risk communication programmes for professional bodies and the British Government. He now runs industry-level Academies for Conduct and Culture, and produces workshops with financial firms.