1. About us

    The Conduct Costs Project is the first Associated Research Project of the CCP Research Foundation

  1. Conduct Costs Project

    The Project needs to be seen in the context of banks' "restore public trust" agenda and the apparently inexorable rise in regulatory penalties and other "conduct costs" being imposed on banks. These costs are a phenomenon worth studying in their own right but the wider implications are even more interesting.

    The Project's findings for twenty major international banks for the five year period ending 2016 showed an aggregate conduct cost total of just over £264bn.


    "Ten years on from the financial crisis, five years into the Conduct Costs Project and the numbers are still striking: GBP264 billion in ‘conduct costs’ (inclusive of provisions) for the 20 banks listed on the international results table for the five-year period ending 31 December 2016. This is a 5% increase on the previous five-year period. While we might have expected conduct costs to have increased over the period - 2016 was, after all, a significant year as cross-jurisdictional regulatory enforcement actions and various private suits settled and costs crystallised - we would not have expected the level of provisions to remain largely unchanged."

    Chris Stears, Research Director of the CCP Research Foundation

    (Conduct Costs Project Report 2017, p.3) 

    If the banks' "trust crisis" is easy enough to identify, finding a solution to it is rather more difficult. The Conduct Costs Project represents a civil society response.


  1. The CCP Research Foundation is a new, independent social enterprise vehicle, set up to foster and support a new generation of research projects on the theme of "Conduct, Culture and People."  

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