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BNP Fine Spotlights Banks’ Need for In-House Police Force

Ignoring the rules has never been so pricey for European lenders, spurring them to hire more people to ferret out wrongdoing and offer salaries more in line with the bankers they police.

“It’s actually a very hot market right now,” said Mike Roemer, who became head of compliance at London-based Barclays Plc in January. Today the role is seen “as an integral part of how companies manage the overall risk of the organization,” he said.