Credible deterrence and the financial services industry

Ryder, Nicholas

Abstract

This presentation concentrated on the recent cases where individuals have been banned from performing controlled functions as a result of their behaviour in their personal life (such as the ban of Blackrock investment manager Jonathan Burrows caught evading fares, and Mr Verrier’s ban following a High Court judge’s finding that he had deliberately lost evidence during a civil case). The paper comments on the deterrent effect of these bans and whether or not they are proven to increase the culture of compliance in financial services: are those who commit offences in their private lives more likely to be dishonest at work? The paper also briefly considered whether the new criminal offence of ‘reckless management of a bank’ is necessary/justified in terms of changing the behaviour of banks and those employed by them

• Presentation Conference Type: Conference Paper (unpublished)
• Conference Name: Bar Association of Commerce, Finance and Industry
• Start Date: May 20, 2015
• End Date: May 20, 2015
• Publication Date: May 20, 2015
• Publicly Available Date: Jun 6, 2019
• Peer Reviewed: Not Peer Reviewed
• Keywords: credible deterrence, financial services industry, financial conduct authority
• Public URL: https://uwe-repository.worktribe.com/output/834305
• Publisher URL: http://www.bacfi.org/files/20%20May%202015%20flyer.pdf
• Additional Information: Title of Conference or Conference Proceedings : Financial Services, Integrity and the Right to a Fair Hearing