British financial reform combination: Relaxing bank executive accountability, while also loosening regulation and prioritizing risk prevention and control.

The Zhitong Finance APP learned that the UK's financial regulatory system is undergoing a new round of adjustments. According to a statement jointly issued by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) on Tuesday, the regulatory agencies plan to optimize the senior management certification system established after the 2008 financial crisis, with the aim of reducing the compliance burden on businesses while continuing to safeguard consumer rights and financial system stability.