i-law

Compliance Monitor

Cultural star-gazing

The Financial Conduct Authority’s latest discussion paper on culture points to a new focus on the purpose underpinning regulated entities: “firms need to offer meaning, not just money” and bring the purpose of society, employees, the firm and shareholders into ‘astral’ alignment. But are such aspirations rooted in business realities or a case of starry-eyed dreaming? asks Julian Sampson.

Why do we come to work? What is the objective of a financial services firm? Who do we serve?

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