Conduct risk: Difference between revisions
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imported>Doug Williamson (Create page. Source: The Treasurer, September 2017, p36.) |
imported>Doug Williamson (Add quote and examples.) |
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The adverse consequences of such a breach. | The adverse consequences of such a breach. | ||
<span style="color:#4B0082">'''''$375bn in conduct fines'''''</span> | |||
:"Conduct risk is now systemic in scale. | |||
:In the past five years, banks globally have paid some $375bn in conduct fines, and misconduct has damaged trust in financial services. | |||
:Identifying malpractice techniques is the essential first step to forestalling them, in particular if there is a limited core group of identifiable practices." | |||
:''The Treasurer magazine, September/October 2017, p37 - Gerry Harvey, chief executive of the FICC Markets Standards Board (FMSB).'' | |||
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* [[Corporate governance]] | * [[Corporate governance]] | ||
* [[Financial Conduct Authority]] | * [[Financial Conduct Authority]] | ||
* [[FMSB]] | |||
* [[Front-running]] | |||
* [[Layering]] | |||
* [[Market corners]] | |||
* [[Ramping]] | |||
* [[Risk management]] | * [[Risk management]] | ||
* [[Spoofing]] | |||
* [[Squeeze]] | |||
* [[Wash trading]] | |||
Revision as of 10:52, 1 October 2017
Corporate governance and risk management
1.
The risk that an organisation or an individual may behave unethically, illegally, or contrary to the organisation's or the market's codes of practice.
2.
The adverse consequences of such a breach.
$375bn in conduct fines
- "Conduct risk is now systemic in scale.
- In the past five years, banks globally have paid some $375bn in conduct fines, and misconduct has damaged trust in financial services.
- Identifying malpractice techniques is the essential first step to forestalling them, in particular if there is a limited core group of identifiable practices."
- The Treasurer magazine, September/October 2017, p37 - Gerry Harvey, chief executive of the FICC Markets Standards Board (FMSB).
