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Accountability vs Speak Up

Regulators have embraced senior manager accountability, to ensure clear consequences when executives neglect risk governance. At the same time, they encourage psychological safety to promote ‘speak-up’ behavior within firms. So long as these are in balance, they mutually reinforce each other. However, when accountability regimes become more about public shaming, the dampening effect that it has on speak-up culture may well exceed any potential benefit.

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UK FCA Bans and Fines Crispin Odey

by Starling Insights

Observations

Apr 01, 2025

The UK Financial Conduct Authority (FCA) recently banned Crispin Odey, founder of the defunct Odey Asset Management, from the financial sector and fined him £1.8 million for displaying a "lack of integrity" in his conduct.

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The 2024 Compendium is available June 11th!

Now in its 7th year, Starling's Compendium features over 40 contributors from across the industry as well as detailed analysis of the latest trends in culture & conduct risk supervision.

2024 Compendium of Regulatory Priorities Aimed at Culture and Conduct Challenges in the Financial Sector

by Starling Insights

Compendium

Jun 11, 2024

Learn about the latest global developments and trends in managing and regulating culture and conduct risk. The Compendium is broken out by global regions and specific national jurisdictions in each. Where it is helpful, we highlight specific regulatory or supervisory agencies, standard-setting bodies, and other industry organizations of relevance.