Title New accountability in financial services : changing individual behaviour and culture / Joe McGrath, Ciaran Walker

Published Cham, Switzerland : Palgrave Macmillan, 2022

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Description 1 online resource (1 volume) Series Palgrave socio-legal studies Palgrave Macmillan socio-legal studies. Contents 0. Foreword: Justice Hedigan -- 1. Changing Individual Behaviour And Culture An Introduction And Overview -- 2. Responsively Regulating The Financial Services Sector. An Evolving Architecture -- 3. The Systemic Problem Of Unethical Behaviours In Financial Services -- 4. Generating Cultures Of Compliance. The Limits Of The Big Stick -- 5. The New Individual Accountability Regimes (Iars) -- 6. Professionalising Banking - A Trajectory Towards The Internalisation Of Norms -- 7. New Accountability In Financial Services Concluding Thoughts Summary This book is a critical examination of recently introduced individual accountability regimes that apply to the financial services industry in the UK (SMCR) and Australia (BEAR and the forthcoming FAR), together with a forthcoming new individual accountability regime (in particular, SEAR) in Ireland. It provides a framework for analysing whether these regimes will achieve behavioural change in the financial services industry. This book argues that, whilst sanctioning individuals to deter future misconduct is an important part of any successful regulatory strategy, the focus should be on ensuring that individuals in the financial services industry internalise the norms of behaviour expected under the new regimes. In this regard, the analysis in this book is informed by criminological theory, regulatory theory and behavioural science. The work also argues for a trajectory towards professionalisation of financial services, and banking in particular, as an important means of positively influencing industry-wide norms of behaviour, which have a key influence on firms and individuals behaviours. Joe McGrath is Irish Research Council Scholar, a Fulbright Scholar, an Assistant Professor at the Sutherland School of Law, and the Vice Principal for Equality, Diversity and Inclusion of the College of Social Sciences and Law, University College Dublin, Ireland. He has published in the leading international, peer-reviewed journals in his fields. Ciaran Walker is Consultant in the Financial Services Regulation & Governance group at the Dublin office of the global law firm Eversheds Sutherland, Ireland. He also lectures and has published in leading international journals in his fields. Prior to joining Eversheds Sutherland, he was Deputy Head of Enforcement at the Central Bank of Ireland Notes Includes index Print version record Subject Banking law. Financial services industry -- Law and legislation -- Great Britain Financial services industry -- Law and legislation -- Australia Financial services industry -- Law and legislation -- Ireland Banking law Financial services industry -- Law and legislation Australia Great Britain Ireland Form Electronic book Author Walker, Ciaran, author ISBN 9783030887155 3030887154

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