The Importance of Compliance in the Global Financial Crisis

I think it'd be fair to say that the compliance functions of banks were second-class citizens in that whole growth stage between 2000 and 2010. And I just kind of like looked at it and said, okay, we along with a number of other firms we're kind of like under investigation. But what can you do to make the firms controls better? We put those in place. There were $13 billion worth of fines in the industry, industry around foreign exchange. DB got 350 for a group located in Latin America, which wasn't part of the main foreign exchange business. So, you know, I was very fortunate to have working for me in the culture of doing the right thing and