Business News

What banking regulators can learn from Deepwater Horizon and other industrial catastrophes

Written by Andrew Hopkins, Emeritus Professor of Sociology, Australian National University

The Deepwater Horizon disaster in April 2010 killed 11 workers and caused the greatest environmental disaster in US history. Banking regulators can learn from the penalities introduced to motivate executive interest in putting safety first. EPA/US Coast Guard/Handout , CC BY-NC-SA

In its interim report published four months ago, the Banking Royal...

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