Culture of integrity needed to combat banking fraud, says US supervisor


LEXINGTON, VIRGINIA -- Maintaining a culture that values integrity and creates adequate controls is crucial for banks and the effort must start at the top, US Federal Reserve Board vice-chairman Roger Ferguson said in early March.

Neither bank supervisors nor internal or external auditors can detect or deter all weak practices, particularly when core management principles are not applied.

And fraud is particularly difficult to uncover, because it often involves collusion and individuals with

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here