More accountability, more diversity: Regulator's verdict on bank culture

The Behaviour and Culture Report, which covered AIB, Bank of Ireland, Permanent TSB, Ulster Bank and KBC Ireland, found that all five banks have 'a distance to travel' in order to develop a consumer-focused organisational culture

24th July, 2018
Central Bank report followed tracker scandal

The report said consumer-focused cultures remained underdeveloped in the banks, and found “obstructive patterns of behaviour” which needed to be overcome.

The regulator wants each bank to submit a detail action plan to address issues identified in the report, which does not go into detail about the culture of individual banks.

The regulator’s review, which was ordered by Finance Minister Paschal Donohoe, focused on the banks’ executive leadership teams – “the key decision-makers...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Tom Maguire: Tax changes we make now could help business for years

More Business Tom Maguire 10 months ago

The Daily Briefing

The Daily Briefing