Back to Basics

Posted by & filed under Banking ethics, Challenge, Conduct, Culture, Ethics, Financial crisis, Leadership, People management, Reputation, Responsibility, Risk assessment, Role models.

Ever since the financial crisis started there has been a plethora of explanations about why traders and bankers behaved as they did.  Some have been purely descriptive: what happened and when, allowing us to marvel at the folly of it all, at least in hindsight.  At the time these clever financiers were praised by pretty… Read more »

Better Late than Never

Posted by & filed under Enforcement, FCA, Fines, Investigations, Learning lessons.

The recent decisions by the FCA to fine UBS and Goldman Sachs £27.6 million and £34.3 million for transaction reporting failures going back to November 2007 and HBOS for its failure to inform the regulator of its suspicions that fraud was occurring in its Impaired Assets team – again in 2007 – is a reminder that the failings… Read more »