Page 81 - Flip Banks TG
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2. A cultural operational model - how to steer the bank
operations to achieve its ethical stance.
For the banks, facing a prolonged
period of low interest rates, we
may also ask the question - what
pressures came to bear when they
began to resort to non-interest-
based products to earn profits?
And what were the effects on
organisational culture? See
Diagram 5.
The Fraud Triangle
Pressure
Low interest rates lead to pressure
to develop new non-interest-based
products and consequently greater
volumes of such business to increase
profits
Diagram 5
Problem of Culture
