Recently, the heads of behavioral risk teams from 10 major global banks came together to discuss behavioral risk management strategies. The discussion, which was sponsored by Thomson Reuters Regulatory Intelligence and Dutch behavioral science consultancy &samhoud, demonstrated how widespread the use of behavioral science tools to combat misconduct has become.
“More and more financial services firms are building these teams in-house,” said Wieke Scholten, senior director at &samhoud. “We have seen more and more regulators around the world adopting behavioral science approaches.”
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