The results of all this can be seen in some summary indicators of the banking sectors’ aggregate performance. Let’s start by looking at the relativities between deposit and loan rates and interest rates in the wholesale market (Graph 1).
It is widely believed that compliance should always be at the forefront of the employees’ thinking. Nevertheless, the modification of US dollar payment instructions acts as an example of deliberate attempts of employees to dodge internal and external regulations. Clearly, these employees lacked the desired mindset.