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Culture & Conduct, Opinion, Regulation & Supervision

Rep risk lessons from the Farage ‘de-banking’ affair

By Evgueni Ivantsov
August 21, 2023
LONDON, ENGLAND - MARCH 20: Reform UK honorary president Nigel Farage listens during a party press conference on March 20, 2023 in London, England. Reform UK was founded in 2018 as the Brexit Party, advocating for a "no-deal" exit from the European Union. It later rebranded as Reform UK. (Photo by Carl Court/Getty Images)
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The recent Nigel Farage de-banking case teaches an important lesson about reputational risk management. Now that the dust has settled and emotions have subsided, it’s time for risk managers to do their homework. 

From a risk management standpoint, the Farage case presents a series of interconnected and ...

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