Compendium
Jun 11, 2024Regulators focus on formal, quantifiable aspects rather than informal, qualitative ones. Trust and trustworthiness are essential for effective regulation, beyond mere rules. Regulators should enhance cultures of trustworthiness within organizations and consider the broader public trust. This requires balancing formal rules with fostering a culture that supports and exceeds compliance.
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.
