Harmonisation should be our common goal. Perhaps even a G7 or G20 mandated body could be an option to establish such standards and risk management; we could call it a “Digital BCBS”.
A disregard for ethics, vague accountability, and weak systems of internal control have resulted in unexpected levels of risk in credit or market exposures, in legal liability, and in tarnished reputations and careers. But the damage is not necessarily limited to those situations in which wrongdoing was discovered.