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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

Chapter:
(p.182) 9 What Has Changed
Source:
The Bank Culture Debate
Author(s):

Huw Macartney

Publisher:
Oxford University Press
DOI:10.1093/oso/9780198843764.003.0009

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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