UK banks take lead in tackling conduct risk
Bank actions show how emphasis on culture and conduct has risen globally since 2011
Research by Risk.net shows that large global banks are increasingly paying attention to conduct risk – including by mentioning culture and conduct more often in annual reports, setting up committees to deal specifically with conduct-related issues, and hiring heads of conduct.
The moves reflect the fact that regulators have sharpened their focus on culture and conduct in the aftermath of the financial crisis, with high-profile scandals over the manipulation of Libor interest rates and the global
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