Why bankers so often fail to comply with policies and regulations
- Written by Elizabeth Sheedy, Associate Professor - Financial Risk Management, Macquarie University
Traders are less likely to follow policies when companies and co-workers are heavily profit-focused.ShutterstockAllegations that the Commonwealth Bank of Australia has been complicit in money laundering is just the latest example of issues with regulatory compliance and risk management in the financial sector.
Our research shows that some of the...
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