From the case studies of these two banks operating in the different nations, it can be eluded that each nation has a regulatory framework with adequate rules. The issues arise in the actual regulatory practices. The variation of the company is found to be regulatory sanctions and enforcement of the laws. There is legal protection that is provided to the regulators to ensure that there is financial integrity of the processes and safety net arrangements by the companies. These are found to address the implementation shortcomings. There are many developments that these regulators undertake to prevent fraudulent practices. However, in spite of these regulators monitoring of these issues, it can be comprehended that the issues are deducted at a later stage. There are systematic monitoring issues and lack in clarity of the rules. Many of the companies look for ways to circumvent the laws and develop their own sales targets. There is a need for a more practical and clear approach for these nations and the laws. The standard setters of the companies have been found to have regulatory standards. There is a difference in the treatment of the similar element in these regulatory boards that make the compliance of the companies more difficult.
These laws continue to be nebulous and cause the people to be circumvented. In this paradigm, the companies are expected to act ethically and in some cases, the drive in to succeeded make, these companies cross the lines of ethics. Owing to this, the companies faced a number of issues. Unless the laws are changed with clarity and more regulatory efforts are taken, these issues will continue to emerge in the society.
To conclude, the companies in the modern times need to have clear transparent and accountable practices. They must not focus on the sales targets and have appropriate regulatory internal mechanisms to address the issues. The issue with the regulatory bodies is conceiving of laws that are not clear. These make the international companies look for ways to circumvent the laws. These create more issues and apprehensive attitude. In this paradigm, there are no feasible solutions that are derived.
Hence the clarity in language and stringent systematic reviews would have prevented the issues in Well Fargo and Credit Suisse. The companies will be aware of the stringent measures taken to maintain ethical systems and they would adhere to the laws. A cohesive flow of information between the different parties would have prevented this issues from exasperating. These were the analogies that were developed.