US regulator plans to understand how each firm's culture affects compliance
Wall Street’s self-regulator
the Financial Industry Regulator Authority (Finra) is set to
ramp up its scrutiny of firms’ culture this year
after naming it as a priority for 2016.
Outlining the regulator’s
annual priorities on Tuesday, Finra Chairman and CEO Richard
Ketchum said the regulator would look to formalise its
assessment of firm culture and would complete the review begun
in late 2015 of incentives and conflicts of interests.
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