Personal accountability will be strong focus in 2016
Bank management could come under the microscope
Enforcement actions against senior managers in banks could pick up in 2016, shifting the focus to individual accountability, as regulators continue to investigate allegations of misconduct in the financial industry, says Jack Drohan, president of ACI America and partner at law firm Drohan Lee.
Banks have already agreed to pay out billions to regulators to settle various matters of misconduct at their firms, but the watchdogs have yet to punish management for failing to adequately protect against
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