In a speech delivered at a recent Consumer Bankers Association conference, Acting US Comptroller of the Currency Michael Hsu called for banks to adopt principles of fairness in their business practices to bolster compliance efforts.
"I believe that banks can improve the effectiveness of their compliance risk management programs by developing a strong internal sense of fairness," Hsu argued. Complying fully with regulations and legislation can be difficult, he acknowledged. This is especially true during times of immense change and uncertainty, as we have experienced in recent years.
This content is available to paid Members of Starling Insights.
If you are a Member of Starling Insights, you can sign in below to access this item.
If you are not a member, please consider joining Starling Insights to support our work and get access to our entire platform. Enjoy hundreds of articles and related content from past editions of the Compendium, special video and print reports, as well as Starling's observations and comments on current issues in culture & conduct risk management.
Join The Discussion
Sign in and be the first to comment.