UK's Financial Conduct Authority has handed out sanctions to former finance executives at Carillion after they withdrew their legal appeals. The enforcement action underscores how regulators are tightening scrutiny over corporate leadership accountability. As the Web3 sector increasingly faces its own regulatory pressures, the broader trend of regulators pursuing financial directors for compliance failures becomes a cautionary lesson for how institutional oversight may evolve across different asset classes.
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AlphaWhisperer
· 01-07 18:35
Honestly, traditional finance is also starting to settle scores now; is Web3 still far away...
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RamenStacker
· 01-07 16:15
Here we go again. This time, it's traditional finance executives getting exploited. Web3 has long been used to being monitored closely by regulatory authorities.
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MintMaster
· 01-07 16:14
The iron fist of regulation is coming, and this time no one can escape...
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DAOplomacy
· 01-07 15:55
ah here we go again, another round of "accountability theater" while the actual incentive structures remain... let's say sub-optimal. carillion's a textbook case of path dependency gone wrong tbh
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PrivacyMaximalist
· 01-07 15:52
NGL, traditional finance gets exploited so heavily, Web3 will inevitably be targeted sooner or later... it's just a matter of time...
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Degen4Breakfast
· 01-07 15:46
Kalyonapao fined... Brothers, this time there's really no way to turn things around. Giving up on the appeal and accepting the penalty directly, this move is indeed ruthless. Web3 needs to learn from this; the wind is blowing this way towards us.
UK's Financial Conduct Authority has handed out sanctions to former finance executives at Carillion after they withdrew their legal appeals. The enforcement action underscores how regulators are tightening scrutiny over corporate leadership accountability. As the Web3 sector increasingly faces its own regulatory pressures, the broader trend of regulators pursuing financial directors for compliance failures becomes a cautionary lesson for how institutional oversight may evolve across different asset classes.