Conduct risk is at the core of behavioural regulation, a new approach
to regulating financial services, whose new agencies and public
prosecutors have spread rapidly across the world. Its prosecutors
intervene assertively to challenge financial service providers to show
clear evidence of a new customer-centric approach, which understands
and responds to the hidden drivers of customer behaviour. They use
their unprecedented powers to levy very large fines and even to
imprison wrongdoers - often for not taking precautions rather than for
any active wrongdoing. Conduct Risk Management is a tool for
recognizing, acting on, and predicting conduct risk impacts in
regulated business. Conduct Risk Management sees beyond econometric
and other 'box-ticking' traditions of risk management. Whilst
protecting senior managers, it helps all staff to make positive use of
conduct risk to promote behaviour the regulator will accept as 'good',
as good behaviour is good business. The new conduct regulations
personally affect every manager in financial services, and their
suppliers, with new regulations making senior managers liable to
imprisonment for failures in organizational conduct. Conduct Risk
Management sets out plainly what practitioners need to know to
understand the regulator's intentions, to prove compliance, protect
competitiveness and maintain licence to operate.
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Using a Behavioural Approach to Protect Your Board and Financial Services Business
Produktdetaljer
ISBN
9780749478629
Publisert
2016
Utgave
1. utgave
Utgiver
Kogan Page
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter