A push by the UK’s Financial Conduct Authority to make banks responsible for ensuring key staff are “fit and proper” could include more traders than first thought.

The FCA today published a new consultation on its framework for strengthening accountability in banking. It included its latest thinking on rules set to come into force on March 7 next year that will include the introduction of a new approval regime for senior managers at deposit-taking institutions. It also updated details of a new certification regime that will see other staff in positions posing a potential risk certified as fit by their employers rather than regulators.