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Is your firm incentivising for the right reasons?

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In last month’s article, I considered the regulator’s focus on value for money. Business costs play a big part in value and this week I want to look at the costs of staff.

In a speech last year, FCA chief executive Andrew Bailey stated: “If culture is ignored, then an opportunity is lost to tackle one of the major root causes of conduct failures. The answer is not to try to tackle the culture, but to act on the many things that determine it, of which governance and remuneration are important.”

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