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2022 UPDATE | France

by Starling Insights

Starling Insights Editorial Board

May 15, 2022

Compendium

Conduct and Culture

In 2018, Société Générale, one of France’s biggest banks, agreed to pay $2.7 billion to settle a series of legal disputes in the US under a three-year deferred prosecution agreement (DPA). When the DPA expired in December 2021, SocGen CEO Frederic Oudea decided to take control of the bank’s risk and compliance functions, giving him closer control over the bank’s work in these areas and elevating them to a foremost concern as the bank moves forward.1

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2022 UPDATE | France

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