To some extent, compliance programs are about the opposite of trust. A compliance professional wants to check on the status of a person’s actions to make sure rules are not being broken. Theoretically, you wouldn’t need to check on the status if you trusted that the person would not break the rules. There are two … Read more »
Tag: Trust
Trust and Financial Regulation
Ronald J. Colombo of Hofstra University School of Law wrote a great paper on The Role of Trust in Financial Regulation. Trust is an important part of our financial markets. Scandals, massive incompetence, massive irresponsibility, massive fraud, have shaken trust in the financial markets. Commentators, policy makers, and industry leaders have all recognized the need … Read more »