Think Tank with Andrew Bailey
A regulator cannot impose an ethical culture if a bank does not have a foundation of ethics within its DNA to start with. That was the proposition made at the last in the four-part financial regulation seminar series run by the Centre for Ethics and Law.
The seminar was a think tank held with Andrew Bailey, who, it was announced that week, would take up the roles of Deputy Governor, Bank of England, for Prudential Regulation and CEO of the Prudential Regulation Authority (“PRA”) on 1 April 2013. Mr Bailey offered his insights on how the ethical dilemmas arising out of the 2008 financial crisis can be addressed. The seminar brought together contributions from a cross-disciplinary audience with experts from the judiciary, a variety of regulators, industry and academia.
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