Bankers jostle to be junior as accountability rules kick in

By Huw Jones LONDON (Reuters) - New rules to hold bosses responsible for wrongdoing at banks is deterring some bankers from taking on senior management roles and even prompting big-hitters to play down their own importance, say legal and compliance experts. The Senior Managers Regime (SMR) from Monday replaces a system that UK lawmakers criticised for giving illusory control over individuals with little prospect of enforcement action. A step change in banking rules, it will allow regulators to p