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Personal Liability & Accountability

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

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Australia Passes the Financial Accountability Regime

by Starling Insights


Sep 20, 2023

Earlier this month, the Australian Parliament passed the Financial Accountability Regime Bill 2023 (FAR), which will replace the existing Banking Executive Accountability Regime (BEAR).

The 2023 Compendium is available now!

Now in its 6th 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.

Holding Bank Executives Accountable for Misconduct

by Ruth Walters, Raihan Zamil


Jun 07, 2023

Post-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.