The Trader 

Market Outlook: Compliance at Legal & General

The Trader

The Financial Times this morning reports that several employees at the $1 trillion asset manager have told the Financial Conduct Authority of failings in compliance and risk which may have cost clients millions.  Under cover of anonymity one said, ‘’I feel obligated to report these issues now because I feel the risk culture of LGIM has become so toxic that it is reaching a crisis level’’, and starts with senior management in the active management arm.   

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