Bad culture makes bankers cheat, says new research

Poor professional culture drives bankers to be more dishonest


Bankers are normally as honest as other members of society – but a toxic banking culture makes them more likely to behave dishonestly, according to a study published on November 19 in science journal Nature.

The study compared the incidence of cheating between bankers and other professionals during a simple game. In the experiments, the subjects had the opportunity to win money if they correctly guessed the outcome of a coin toss. However, the results of the toss were self-reported, providing

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Investment banks: the future of risk control

This survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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