Factbox - New UK rules hold bank bosses accountable for misconduct

Financial regulators introduce the new Senior Managers Regime (SMR) on Monday to make top bankers accountable for misconduct at their companies. The reform is in response to public anger that, under the previous system, few senior bankers were punished after taxpayers had to bail out several lenders during the 2007-09 financial crisis. The SMR, which aims to make it easier to pinpoint where blame lies when things go wrong, will be enforced by the Bank of England's Prudential Regulation Authority