Compendium
Jun 07, 2023Post-mortem reports that typically follow material risk management failures or misconduct scandals invariably point to poor oversight by bank boards and senior management, combined with incentive structures that encouraged excessive risk-taking. These incentive structures line the pockets of those at the top who may have been the very same people who were in positions of authority when the alleged wrongdoing occurred.
by Keith Noreika, Bryan Hubbard
Compendium
Jun 07, 2023Compendium
Jun 07, 2023by Hank Huang
Compendium
Jun 07, 2023In many Western countries, a culture of compliance is important not only because of the threat of ruinous lawsuits and fines, but because of an implicit sense that the financial sector may have been given too much space to run in the first place. By finding the bad apples, lawmakers and regulators can hope to defend the interests of the existing economic order.
by Eva Hüpkes
Compendium
Jun 07, 2023
