Quinlan's CEO Says Bad Behavior Destroyed Bank Profits

The video discusses the financial costs incurred by banks post-GFC, highlighting a total of $850 billion due to employee misconduct, fines, and compliance spending. It emphasizes the cultural weaknesses in banks, such as lack of accountability and ineffective regulation. An analogy with German road safety is used to illustrate the importance of culture and training. The video concludes with challenges in current bank training methods, which often lack engagement and accountability.

In what way does the analogy of German road safety relate to banking culture?

What challenges do banks face in changing their compliance culture according to the text?