Sanctions for Financial Misconduct and Other Ways to Stop Malpractice in Banks
According to the EBA, asset losses for bad loans and faulty investments could reach 71 billion euros for the top 51 European banks, in a phenomenon of generalized misconduct which has grown larger with time. But financial abuse can be curtailed not only by having banks pay heavy fines, but also by putting in place preemptive tools, like protecting whistleblowers