Editorial: Conduct is king

Author: | Published: 24 Aug 2015

On July 22, Martin Wheatley, outgoing chief of the Financial Conduct Authority (FCA), declared that conduct was at the top of UK bank agendas. Over the following weeks, it's become increasingly clear that Wheatley's statement rings true for a much broader range of market participants.

While 2015 hasn't seen the explosive revelations of previous summers (Forex in 2013, Libor 2012, Lehman 2008), it has been defined by scandals. Not their occurrence, but rather their punishment and regulatory response.

Ex-UBS...