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Titlebook: New Accountability in Financial Services; Changing Individual Joe McGrath,Ciaran Walker Book 2022 The Editor(s) (if applicable) and The Au

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New Accountability in Financial Services978-3-030-88715-5Series ISSN 2947-9274 Series E-ISSN 2947-9282
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New Accountability in Financial Services: Concluding Thoughts,nctioning approach to regulating the financial services sector in favour of a compliance-oriented model, in which the banking community takes more ownership for ensuring ethical standards amongst its members, albeit with state oversight, in which sanctions for wrongdoing are usually a last resort.
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Changing Individual Behaviour and Culture: An Introduction and Overview,nancial services sector. This analysis is informed by criminological theory, which sheds light on the causes and effects of corporate irresponsibility; regulatory theory, which casts doubt on the utility of sanctions except as a last resort; and behavioural science, which offers insights into how et
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,“Responsively” Regulating the Financial Services Sector: An Evolving Architecture,tical approach that plots the changing architecture of financial regulation, examining the extent to which regulatory practices map onto regulatory theory, analysing how these regulatory models have been deployed to increase accountability, demonstrating that individual accountability regimes (IARs)
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,Generating Cultures of Compliance: The Limits of the “Big Stick”,eek to “act out” for public approval. Nevertheless, difficulties remain with enforcement in practice because law alone is a limited instrument in changing behaviour. Sanctions alone may not always generate accountability, do not prevent misconduct, and may not generate meaningful, lasting, cultural
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