The Human Risk Podcast9 Mai 2020

Professor Elizabeth Sheedy on Behaviour in Banking

Why do people who work in banks engage in bad behaviour? That's the question my guest on this episode, Professor Elizabeth Sheedy of Macquarie University in Sydney, specialises in researching. She is a risk management expert based in the Department of Applied Finance and since 2012 her research focus has been on Risk Governance, Culture and Remuneration in Financial Institutions. So she's ideally placed to explore why there appears to be such an issue with behaviour in Financial Services. In our discussion, we talk about why bad behaviour occurs and what we can do to mitigate it. What are the factors that drive people to engage in it? Would it make a difference if the industry were more diverse?

You'll find links to her research below.

For more on Human Risk, including the Newsletter and Video Channel. visit www.human-risk.com.

This major study of risk culture in Australian and Canadian banks, highlights the issue of ‘avoidance’ culture in predicting poor behaviour: https://onlinelibrary.wiley.com/doi/abs/10.1111/corg.12200

How both remuneration and culture predict compliance behaviour: https://www.sciencedirect.com/science/article/pii/S0378426619301864

What is the potential of compensation deferrals to temper bad behaviour? Will people gravitate towards the pay structures they prefer? Will the nature of the workforce change if deferrals are introduced? https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3535347

This research explores the "Lehman Sisters" hypothesis, which posited that had Lehman Brothers been run by women, that things might have turned out differently. The research suggests the opposite; it turns out senior females in banks are pretty similar to their male counterparts.: https://www.emerald.com/insight/content/doi/10.1108/MF-11-2017-0465/full/html?casa_token=Sw-pGQTHpz4AAAAA:fu38Nld8uqZWES3N5koN1byos6t44SKVRrURunfUD9DWgLIHZlZpBqVDSMfR7eGbS1_-dpG3jmim_gVGRYuyo7qI1r1MQw1b0YoHvloXIVh4eZVllUvp

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(368)

Sarah Bowen & Merle Van Den Akker on Studying Behavioural Science

What can learn from the study of Behavioural Science? Like many people in the field, I fell into BeSci long after finishing my academic studies. Back then, it wasn't an option that one could study in...

14 Des 20201h 9min

Dr Colin Lawrence on Risk & Uncertainty

What's the difference between Risk and Uncertainty? That's what my guest on this episode, Dr Colin Lawrence, helps me to explore. He's spent his entire career looking at risk and has been a Chief Ri...

11 Des 20201h 2min

Professor David Hess on Bad Compliance

What happens when employees have little or no respect for their organization's Compliance Program? It's obviously bad, but how bad? That's what my guest on this episode Professor David Hess has resear...

7 Des 202058min

Dr Magda Osman on Behavioural Interventions that Fail

What can we learn from Behavioural Interventions that fail? That's what my guest on this episode, Dr Magda Osman set out to discover in some recent research. We often hear about 'nudges' that work we...

4 Des 20201h 2min

Rabbi Yonason Goldson on a Rabbi's View of Ethics

What can we learn from religion about ethics? After all, religions have had rules about what people should and shouldn't be doing since well before the advent of Compliance & Ethics functions. And t...

1 Des 202058min

Tom Burgis on Kleptopia - how dirty money is conquering the world

What are kleptocracies and how do they operate? How is dirty money laundered and why is it increasingly a global problem? These are the questions, my guest on this episode, Tom Burgis, sets out to a...

27 Nov 202054min

Dr Benny Cheung on Nudging Honesty

How can we get people to be more honest? That's what my guest on this episode, Dr Benny Cheung, set out to discover. He was commissioned to do so research for the UK's Insurance Fraud Bureau and ran s...

23 Nov 20201h 6min

Paul Donovan on Prejudice & why it is so pernicious

What is prejudice, why does it exist and why is it such a bad thing? That's what Economist Paul Donovan seeks to answer in his new book Profit & Prejudice. He explores it from an economic perspectiv...

20 Nov 202052min