Bank bosses who started their careers in the self-regulation era simply don't understand how modern banking works, says guest blogger Rob TaylorIt's not surprising to most of us who have run banks in the past to see so many City institutions being fined and warned about breaches in money-laundering rules and inadequate anti-bribery and corruption risk assessments.
On the surface the regulations seem obvious and just an added step in the professionalisation of City working habits. Why wouldn't banks want clean and transparent business activities, free from the proceeds of crime and corrupt business practices?
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