Professor Edward Kane:

Let us take the individuals first because ultimately it is individuals who do these things. That is where the point system analogy works well. One clocks the fact that people have violated these rules and one assesses some cumulative measure of violation. If people violate too often, they are banned for various periods. That is how the system of driver licensing operates. If a driver gets seven points, for example, his or her licence is suspended for six months and if he or she is reckless enough the licence is eventually taken away forever. We would identify people working in the industry who are outlaws in some sense and we would decide these are not the kind of people we need in banks.