"Nobody acts with the intention of doing away with accountability."
This sounds optimistic. I do believe that if banks have such armies of incompetent compliance teams, it is because the management believe their own accountability is diluted this way. The incompetents do not know what accountability is and believe that they are giving adv…
"Nobody acts with the intention of doing away with accountability."
This sounds optimistic. I do believe that if banks have such armies of incompetent compliance teams, it is because the management believe their own accountability is diluted this way. The incompetents do not know what accountability is and believe that they are giving advice and guidance to those who are accountable (the ones who think they just shed their own accountability away).
Highly regulated industries end up acting as government bureaucracies do for the same reasons but I would not exclude intention on the part of some (a lot of) individuals.
"Nobody acts with the intention of doing away with accountability."
This sounds optimistic. I do believe that if banks have such armies of incompetent compliance teams, it is because the management believe their own accountability is diluted this way. The incompetents do not know what accountability is and believe that they are giving advice and guidance to those who are accountable (the ones who think they just shed their own accountability away).
Highly regulated industries end up acting as government bureaucracies do for the same reasons but I would not exclude intention on the part of some (a lot of) individuals.