As customers, employees, and regulators are looking to hold company boards and officers personally liable for damaging misconduct in the wake of risk governance failures, industry supervisors face heightened scrutiny from injured consumers, loss-suffering investors, and irate legislators and voters in a new era of accountability.
Observations
Apr 01, 2025The 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.
Observations
Jan 14, 2025In a recent article published in the ABA Banking Journal, the American Bankers Association's Hugh Carney argues that the "Basel Endgame" process in the US has revealed the need for more transparency and inclusivity in international standard-setting.
