Financial firms tend to dislike MiFID II, and those outside the EU tend to resent having to comply with some of its provisions, but evidence is emerging that there could be some benefits from compliance
Banks still trying to perfect ways to improve employee behaviour
Some 10 years after the global financial crisis, banks are still struggling to find the most effective measures to improve their corporate cultures to avoid misconduct
Australian royal commission turns out to be less radical than banks feared
A slew of banking scandals in Australia has seen the authorities conclude that it was less the law that was at fault and more a case of it not being applied vigorously enough by regulators. The subsequent recommendations aim to address the deficit in application
Europe forced to rethink conduct regimes following Danske Bank scandal
A spate of money laundering scandals is forcing EU regulators to rethink the way they regulate and monitor financial institutions’ activities around ‘dirty’ money
Toughness of UK’s conduct regime questioned
Following the global financial crisis a decade ago, UK regulators imposed one of the toughest conduct regimes seen in banking, but recent events have had some observers wondering whether it really has teeth. By Victor Smart.
@RiskRegulator
