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In an article for the Financial News, ExigerTech President Brandon Daniels is quoted, highlighting the difference between US and UK Banks’ view on corporate culture & ethics.
The article reads “Daniels…said he had observed a difference between the way financial firms in Europe and the US addressed conduct risk. He said: ‘European-based organisations want to be very conservative and safeguard their wealth and retail businesses. Their number one priority is building back confidence so that the consumer base is not in jeopardy. It’s not a risk-weighted approach; it’s zero tolerance. Banks in the US, because they are so big and so siloed, it feels like what they’ve been doing is a lot more risk weighted.’”
Read full article below.
