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Business & Finance Series: Announcements

Conduct Costs Project transfers to Cass Business School

Project analyses banks' conduct cost records from 2008 - 2016

by City Press Office (General enquiries)

Cass Business School and CCP Research Foundation are pleased to announce that the Conduct Costs Project initiated by the Foundation in 2012 will transfer to Cass.

The Foundation, through the Project, has published detailed data on the conduct costs of 20 international banks for the period 2008-2016. The data have included the publication of an annual conduct costs "league table" and accompanying report which has, uniquely, displayed a comprehensive analysis of the banks' conduct cost track record on a rolling five year basis.

Details about the Conduct Costs Project will be set out on the Cass website shortly and updated data for 2017 and 2018 available within six months.

Professor Barbara Casu Lukac, Director of the Cass Centre for Banking Research and Project Lead, said:

“We are looking forward to leading on this important project, which builds upon the solid work carried out by the CCP Research Foundation and leverages on the Centre for Banking Research expertise in the analysis of bank corporate governance and risk management. We will encourage active engagement from sponsors, industry participants and fellow researchers on the key issues of culture, ethics and conduct in the financial sector.”

Roger McCormick, Managing Director of the Foundation, will continue to be closely involved with the Project in his new role as Senior Visiting Fellow at Cass.  Other members of the Project's original team will also be involved.

Roger McCormick said:

"We at the CCP Research Foundation are delighted that this important project will now be located at Cass Business School. We see this development as opening up a range of new possibilities, not just for the continuation of the project in its existing form but also for extending its scope and reach. Banks' conduct costs in the post-crisis era continue to be a matter for concern, indicating as they do how successful banks are in reforming their culture and behaviour. It is important that the public has better access to the metric represented by conduct costs than conventional accounting practices provide."

Find out more about the Cass Centre for Banking Research here.

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