Since the onset of the financial crisis in 2008, the intense glare of the regulatory spotlight has been focused on the financial services industry. Closer scrutiny of market, credit and operational risk across banks is being demanded by regulators as a means of mitigating wider systemic risk.
Regulators are right to make such demands. The financial crisis has clearly demonstrated that lessons not only have to be learnt but embedded in the way that we as an industry work today.
