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Does this mean that we're training bank employees that "If something looks bad, you might as well do the actual bad thing because the punishment is the same"?
by ByteJockey 5y ago
Does this mean that we're training bank employees that "If something looks bad, you might as well do the actual bad thing because the punishment is the same"?
Could this have the effect of actually increasing incidents of bad behavior?
- xwolfi 5y agoNo, it has the opposite effect on me, a bank employee, to immediately report everything weird because even if I do nothing wrong, want banks to behave legally, and have never personally traded a stock in my life, the appearance of impropriety is just as bad as actual dishonesty. Never did it make me think I could just as well front run clients with a secret account since forgetting to disclose an old account I never used was bad too. I declared late that old account and apologized instead, for instance. I think these rules are, like all rules, also mostly to draw responsibilities in case of trouble: they do nothing to prevent a criminal to crime, but once the crime is done, he cant claim he did everything by the book if the book was so clear.