Banking & Finance: Areas of conflict
Conflicts of interest are an unavoidable hazard for banks today, but it is vital that they stick closely to the latest regulations and manage conflicts in the right manner if they are to escape the regulators.
There has always been scope for the interests of a bank’s customers to be in conflict or for the bank’s own interests to conflict with those of its customers. Yet of late you would think that this was a new phenomenon for banks. Barely a week now passes without press coverage of conflicts of interest (with concomitant references to resulting profits made by one financial institution or another).
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