1. Insights

    Insights is CCP Research Foundation's open-access library containing articles, papers and other publications across a range of topics that relate to the Foundation's "Conduct, Culture and People" agenda.*

    *The views and opinions expressed in the materials available within "Insights" are solely those of the author(s) concerned and do not necessarily reflect the position of the Foundation or its directors.

  1. NameThe right and proper financial consequences to (mis)conduct
    Date2013-11-02 00:00:00 +0000

    The right and proper 'financial' consequences to [mis]conduct is (and will continue to be) a subject on which we will encounter polarised opinion.

    The ‘huge’ fines being meted out by law enforcement agencies and regulators across the banking sector are ‘material’ (by most stakeholder's reckoning). Prudential regulators are certainly alive to these costs. Take for instance, the impact of conduct cost expenses on UBS’s bottom line – the bank reported on Tuesday that the Swiss Financial Market Supervisory Authority was forcing it to hold more capital because of "known or unknown litigation, compliance and other operational risk matters" (see the article by Jill Treanor in The Guardian entitled, “UBS forced to hold more capital amid currency probe” (29 October 2013). And this was, we understand, in spite of the bank increasing its headline Pillar I capital by reducing its risk weights assets over the recent past. But what of particular note is the Swiss authorities’ concern over the ‘unknown’ and well as the known risk factors. The capital adequacy consequences reflected a judgement-based, forward-looking evaluation of the bank’s risk profile.

    The right and proper financial consequences to (mis) conduct, by Chris Stears

  2. Also new

    • Image
    • Name
  1. The CCP Research Foundation is a new, independent social enterprise vehicle, set up to foster and support a new generation of research projects on the theme of "Conduct, Culture and People."  



    CCP Research Foundation C.I.C.

  2. Join the conversation

    You can now follow the CCP Research Foundation on Twitter! 


    Find out more about us

    If you would be interested in being given an informal presentation at your offices about the work of the Foundation (and/or the Conduct Costs Project) and how its work relates to your business please contact: 




Powered by: TextoVirtual.com