How can making people accountable change their behaviour and mitigate human risk? Given recent history, can enforcing accountability in the banking industry, drive behaviour change?That's what my guest on this episode Professor Elizabeth Sheedy, helps me to explore. She has been researching rules recently implemented by Financial Services regulators to ensure senior management are held accountable for their actions - like, for example, the Australian Banking Executive Accountability Regime (BEAR) and the UK's Senior Managers & Certification Regime (SMCR). Elizabeth, who has been a previous guest on the — link ?— is at Macquarie University in Sydney, and she specialises in researching Risk Governance, Culture and Remuneration in Financial Institutions. Her latest research explores whether the introduction of BEAR has resulted in a change in behaviour in the Australian banking system.In our discussion, we explore the rationale for introducing an Accountability regime, what lessons can be learned from it so far & whether it has been successful. We also look at how Elizabeth's work helps to keep regulators in check.For more on BEAR ?https://bit.ly/2MRfXuH and SMCR ?https://www.fca.org.uk/firms/senior-managers-certification-regimeYou can read Elizabeth's research ?http://ssrn.com/abstract=3775275 with a summary article on it ?https://www.afr.com/companies/financial-services/apra-macquarie-says-bear-regime-is-showing-sharp-teeth-20210204-p56zfrTo discover more of Elizabeth's research ?https://researchers.mq.edu.au/en/persons/elizabeth-sheedyFor more on the Australian Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry ?https://en.wikipedia.org/wiki/Royal_Commission_into_Misconduct_in_the_Banking,_Superannuation_and_Financial_Services_IndustryYou can hear Elizabeth's previous appearance on the podcast ? ? https://www.podpage.com/the-human-risk-podcast/professor-elizabeth-sheedy-on-behaviour-in-banking/