Farage fallout reveals ‘failures’ in banks’ first line of defenceBy Ellesheva Kissin
August 9, 2023
Shoddy first lines of defence and lax processes on reputation risk committees are undermining their original purpose — to protect the good names of banks.
Little was known about these committees until the showdown between former politician Nigel Farage and private bank Coutts in July. After the bank ...
Banks are scrutinising their clients and commercial partners’ culture more closely to mitigate reputational risk, after cutting ties with disgraced hedge fund manager Crispin Odey. Coutts is the latest bank...Read more