Don't let the pressure off conduct risk

Focus on conduct needs to be backed by promotion decisions

Alexander Campbell

No regulation, no policy can survive long against people determined to circumvent it. This doesn't make it any less important to put the right policies and regulations in place, but it does mean that they can't be the sole solution. Across the financial industry, attention is now turning to conduct risk as the priority for operational risk management and regulatory focus (it was the subject of much discussion at the OpRisk Europe conference in June as well). It's good that the spotlight is on