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Personal Liability & Accountability

There is continued momentum emphasizing individual accountability and personal liability for senior managers.

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Proposed US Legislation Seeks Accountability for International Regulatory Collaboration

by Starling Insights

Observations

Sep 20, 2024

Last week, US Congressman Andy Barr introduced the Congressional Banking Regulation Priorities and Accountability Act of 2024 (H.R. 9512) to the House of Representatives, aiming to improve transparency and accountability in federal financial regulation.

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.

'Systems Intentionality’: A New, Work-Ready Model of Corporate Responsibility

by Elise Bant

Compendium

Jun 11, 2024

"Systems Intentionality" redefines corporate responsibility by assessing organizations through their conduct systems, policies, and practices. Unlike traditional models that focus on individual fault, this holistic approach evaluates corporate mental states such as intention, knowledge, recklessness, and dishonesty. This model offers a practical tool for regulatory and litigation purposes, improving assessments of corporate culpability and governance risk​​.