The constant reports of misconduct highlights how banks and their supervisors are still struggling to get to grips with corporate culture and conduct. Culture and conduct starts from the top, but it must be reinforced by the tone at the middle, and critically the tone at the customer front line. How do you embed a ‘good’ culture in your organization?
The Swiss National Bank (SNB) ended its three-year-long cap of 1.20 Swiss franc per Euro, triggering a record surge in the Swiss franc against the Euro, resulting in the Swiss franc’s highest gain in more than three years versus the US dollar. The SNB’s decision will undoubtedly cause a number of additional challenges to Financial Institutions.
Regulatory bodies all over the world continue to address issues that became apparent in the financial crisis. The beginning of the New Year is a good point in time to take stock of the regulations that has entered into force on 1 January 2015, and of regulations in discussion during 2015.