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Bloomberg Markets

Bad Behavior Database Aims to Stop Rogue Traders Before They Act

Bad Behavior Database Aims to Stop Rogue Traders Before They Act

  • 18.01.2017
  • min read

Bloomberg Markets

Bad Behavior Database Aims to Stop Rogue Traders Before They Act

Under scrutiny like never before, finance firms are spending as much as one-fifth of their revenue on compliance, hiring tens of thousands of investigators, out-of-work traders and former intelligence officers to sift through employee communications.

“The business case for reducing the expenses of compliance will remain very compelling,” says Mike Baxter, a partner with Bain & Company.