HSBC, which reported a 12% drop in first-half profit, has called on regulators to clarify what they expect of bank staff after recent record sanctions for misconduct, including a US$9bil (£6.70bil) US fine against France's BNP Paribas, left them fearful of retribution - EPA Photo.
LONDON: Europe's largest bank HSBC warned that regulators' zeal to punish wrongdoing was putting its staff off taking reasonable business risks, as it reported a 12% drop in first-half profit.
Chairman Douglas Flint called on regulators to clarify what they expect of bank staff after recent record sanctions for misconduct, including a US$9bil (£6.70bil) US fine against France's BNP Paribas, had left them fearful of retribution.
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