The Treasury will publish a call for evidence in the coming days focused on streamlining the senior managers regime introduced after the banking meltdown of 2008, Sky News understands.
Ministers are to pursue another step towards loosening the banking reforms introduced after the 2008 financial crisis despite the turmoil which prompted the emergency takeover of Credit Suisse at the weekend.
Sources said the government would honour a commitment to kicking off the work by the end of the first quarter, with an announcement possible later this week. The SMCR came into effect seven years ago as one of the central tenets in the government's post-crisis reforms to make bankers more accountable for their decisions.
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