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Barclays’ record fine via a U.K. regulator highlights the struggle of financial services firms to make their corporate cultures more compliant.
The Financial Conduct Authority’s (FCA) recent decision to fine Barclays a record £72 million ($108.3 million) for the alleged poor handling of financial crime risks will likely serve to reinforce the public perception of greedy bankers. But have financial institutions made any progress in developing a more positive culture in the new regulatory era of...
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