‘Tone from the top’ governance standards must drive ethics, business practices
Investment bank profits are taking a hit from regulatory
fines and legal costs as employee conduct continues to be
"mismanaged," according to new research.
Global regulators have upped their attention on company
culture and employee behaviour in recent years, particularly in
the wake of the Libor rate rigging scandal, resulting in fines
for conduct-related breaches.
A research report from capital markets consultancy,
GreySpark Partners, 'Best Practices in Conduct Risk
2015,’ suggests that global investment banks and
companies active within capital markets must begin implementing
measures to offset the risk that they could be fined by
regional or global regulators for employee misconduct.
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