More than words: why bank culture matters
Research on corruption and psychology points to the resilience of cultural norms in the face of legal enforcement
By this time next year, the UK will become one of the toughest places in the world to be a banker. Under the Senior Managers Regime, which will come into force from March 2016, top managers will be personally liable for rule breaking by their bank, unless they can show they have done everything in their power to prevent it. Add to that the FCA's growing enthusiasm for inspections and fines, and a typical day for a City regulator looks set for more action than an episode of Miami Vice. The trend
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