BlackRock's Novick slams banks' 'reprehensible' behaviour
Asset manager criticises bank practices in wake of market scandal
Some of the actions taken by bankers in light of recent scandals such as the alleged manipulation of foreign exchange benchmarks have been branded "reprehensible" by Barbara Novick, one of the co-founders of asset management giant BlackRock.
Speaking at a panel session entitled Rating Regulatory Reform at Sibos in Boston on October 1, Novick went further by saying there needed to be a serious re-evaluation of when and how often individuals are taught ethical standards.
"Some of the behaviour we
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