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A responsibility for change

26 October 2015

A responsibility for change - read more

The Senior Managers Regime will alter the cultural DNA of financial institutions

Financial institutions’ governance models and control structures are prone to rogue behaviour, which can pose serious challenges to organisations’ financial objectives and reputation. Following several misconduct incidents, including six banks being fined a record $4.3 billion for manipulating the multi-trillion dollar foreign exchange market, many people are questioning whether lessons are being learned from the past and if culture is changing within the industry. However, the introduction...

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