FSA should not shy away from ethics and integrity - SII

SII chief executive Simon Culhane says several Middle Eastern countries who are keen to become global financial centres are seeking SII’s assistance in developing a “strong, integrity-based culture”. Culhane says the FSA in the past has “shied away” from subjects of ethics and integrity, preferring to stick to clear rules and guidance. But Culhane has welcomed the regulator’s position in its 07/4 Consultation Paper on training and competence, in which the FSA notes ethical behaviours are also important. “It is hard to see how the FSA can avoid the ethical arena, particularly as it is ado...