Quotes from the news wire:
It will be quite a shock in process terms to asset managers and brokers. They will have to say who is responsible for what and keep that up to date, reflect it in appraisals and staff training, after what happened with the Libor and forex scandals, very senior people were not held to account but this will make it a lot easier for the regulator to go up the line.
Found on Reuters 9 years ago
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