Annie Searle in Risk Universe: Will we always have to talk about ethics?
Thursday, June 18, 2015
I鈥檝e been looking at the banking and finance sector for a little over 16 years, and I have to say that I don鈥檛 think that policy, ethical frameworks, codes of conduct or even regulation has had much of an impact on how employees behave. To satisfy regulators, both before and as a result of Dodd-Frank, firms have created risk units toward the top of the firm that are still frequently confused with internal audit groups rather than embedded in the lines of business. Risk management is perceived by the business as overhead, the cost of doing business, money that could very well have bee