Ethics and governance in the European Financial centers

Dr. Thomas F. Huertas, Director Wholesale Firms Division and Banking Sector Leader, FSA, was speaker in the framework of the Fourth Annual Complinet Compliance Conference a few weeks ago.
His topic was : Counting on compliance: The implications of more principles-based regulation.
His conclusion was that Compliance continues to play a key role under more principles-based regulation. Compliance should effectively act as the conscience of the firm: make sure that people get strong signals about what is right and what is wrong, and, over time, weed out wrong-doing, and, if necessary, wrong-doers.

See speech