Regulatory Crosshairs Focus On Individual Accountability

Law360, New York (November 14, 2017, 12:27 PM EST) -- Regulators are increasingly focusing on individual accountability when it comes to monitoring the activity of financial services firms. Criticized for lacking teeth during the financial crisis, regulators are now intent on establishing the personal accountability of individuals at all levels, not just in the boardroom.

A Regulatory Focus on Individual Accountability

Since the 2008 financial crisis, regulators have called for (and started to deliver on) an increased focus on the actions of individuals within regulated firms. In May 2015 Christine Lagarde, Managing Director, International Monetary Fund, said:...
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