Global

Details

  • Industry: Financial Services, Capital Markets, Banking
  • Type: Regulatory update, White paper
  • Date: 5/28/2013

Financial institutions 

Financial institutions
Regulation is not constructed in a vacuum. It responds to the standards and behaviours of regulated entities. Financial institutions, and in particular banks, therefore have a strong incentive to behave more responsibly, not only to restore trust and confidence but also to enable regulators to ease back.

This requires financial institutions to make real and demonstrable progress in changing their cultures and behaviours; delivering much higher standards of governance, risk management and customer treatment; focusing more clearly on products and services that benefit the wider economy; making better disclosures of asset quality and risks; and not ‘gaming’ the regulatory system.

 

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Download Moving on - The scope for better regulation in banking