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Commercial Credit News
|Financial services leaders' insights on challenges to change culture|
|Monday, 27 July 2015|
The Financial Conduct Authority's recently published business plan for 2015/16 clearly highlighted ongoing concerns about the cultures and controls in the financial services industry, setting out its strategy to address the misalignment between incentive structures and corporate values that have led to excessive risk taking.
According to a new report from leadership development and employee engagement firms BlessingWhite and Bath Consultancy Group, 73% of senior leaders in financial services believe the new regulations will transform the way talent is rewarded and identified, moving away from a culture that allowed individuals to behave in a way that did not serve the customers' best interests.
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