The Art of Reputation

Posted by & filed under Ethics, Financial crime, Money laundering, Reputation.

As this fascinating programme shows, the art market and finance have much in common, well illustrated by the story of Salvator Mundi, painted by Leonardo and sold for an eye watering $400 million last year. This painting disappeared from view after Charles 1’s collection was dispersed following his execution.  No-one knows what happened to it.   It reappears… Read more »

Seeing the bigger picture

Posted by & filed under Banking ethics, Big Bang, Challenge, Conflicts of interest, Culture, Enforcement, FCA, Hiring, Learning lessons, PRA, SMR regime, Vetting, Whistleblowing.

Even regulators can sometimes fail to see the wood for the trees.  In highlighting Mr Staley’s conflict of interest when he became aware of the whistleblower’s letter against an employee he had hired, the regulators barely scratched the surface of a wider issue.  It was not just his failure to recognise that it was his conflict… Read more »