Scandal-hit banks must 'stop the rot', says Iosco’s Wright

Finance industry needs to focus on behaviour, corporate governance and ethics, Iosco secretary general tells conference

Rotten apple

The finance industry needs to put a stop to its sequence of scandals and work to rebuild trust, according to David Wright, secretary general of the International Organization of Securities Commissions.

Speaking at a conference organised by the Association for Financial Markets in Europe this morning, Wright highlighted behaviour and ethics as a key concern for global securities regulators, noting that "nothing causes the rot and more regulatory angst" than revelations of further scandals

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