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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

olesya-dmitracova

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

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Emerging trends in op risk

Karen Man, partner and member of the global financial institutions leadership team at Baker McKenzie, discusses emerging op risks in the wake of the Covid‑19 pandemic, a rise in cyber attacks, concerns around conduct and culture, and the complexities of…

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