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The Bank Culture DebateEthics, Values, and Financialization in Anglo-America$
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Huw Macartney

Print publication date: 2019

Print ISBN-13: 9780198843764

Published to Oxford Scholarship Online: October 2019

DOI: 10.1093/oso/9780198843764.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 18 September 2021

What Has Changed

What Has Changed

(p.182) 9 What Has Changed
The Bank Culture Debate

Huw Macartney

Oxford University Press

This chapter shows the impact that the narrower bank culture debate has had on life in the banks of Anglo-America. Using interview material and a range of official reports the chapter shows changes to risk-taking, performance-monitoring, compliance, and pay. It shows that culture and values certainly became central features in the rhetoric of the banks. But tangible, conduct-related improvements were also evident. Risk-taking was moderated, even though this may have just been a temporary change. New compliance monitoring measures certainly made the work environment more challenging for employees, and promoted a more cautious culture.

Keywords:   risk, compliance, remuneration, conduct, values, ethics

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