There is continued momentum emphasizing individual accountability and personal liability for senior managers.
Observations
Mar 24, 2023As a part of Australia's impending Financial Accountability Regime (FAR), financial firms will be required to withhold 40% of their directors' and top executives' bonuses for four years, then to be disbursed only if satisfactory conduct standards are met.
Observations
Feb 08, 2023Morgan Stanley has reportedly hit its own employees with financial penalties ranging from a few thousand dollars to more than $1 million for conducting official business on Whatsapp and other off-channel communication platforms.