Editor's note

After numerous scandals at financial institutions over the past few years, Elizabeth Sheedy and Lyla Zhang set out to discover why bankers so often fail to comply with policies and regulations. Pay incentives are partly to blame, but so are culture and the attitudes of the individual traders.

And a new study on teeth found in a cave more than 100 years ago reveals early humans made it to Indonesia more than 63,000 years ago, up to 20,000 years earlier than previously thought.

Josh Nicholas

Deputy Editor Business & Economy

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Traders are less likely to follow policies when companies and co-workers are heavily profit-focused. Shutterstock

Why bankers so often fail to comply with policies and regulations

Elizabeth Sheedy, Macquarie University; Le (Lyla) Zhang, Macquarie Graduate School of Management

New research shows that pay incentives, culture and employee attitudes all contribute to the failure to comply with policies and regulations.

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