2 ms·
The same thing that we do with every kind of organization. We demand adequate controls, incentives, whistleblower protection, paper trail (auditability and acco
by pas 7y ago
The same thing that we do with every kind of organization. We demand adequate controls, incentives, whistleblower protection, paper trail (auditability and accountability for the higher ups), documented internal policies and sticking to them. (And demand that they pay for external audits, mock cases, red team tests, and so on.)
This sort of works. And it can be made very effective. (Basically by criminalizing grossly negligent auditing and spending public money on enforcing it, the whole structure snaps into place eventually.) Currently financial organizations are allowed to be lax, because audits are lax, because the banking license authority doesn't give much of a shit.