Is it positive that the Senior Managers Regime will force senior staff members of hedge fund firms to take more responsibility for wrongdoing at their firms?
No, increased liability for senior managers will facilitate an exodus from the industry due to the extra personal risk involved
Maybe, but some increased risk for senior managers may be written off by insurance and individuals can be compensated with higher salaries
Yes, it is a positive thing for investors and society for people to have to take more personal responsibility for their actions
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