Europe's largest bank HSBC warned that regulators' zeal to punish wrongdoing was putting its staff off taking reasonable business risks, as it reported a 12% drop in first-half profit.HSBC chairman Douglas Flint on Monday called on international regulators to clarify what they expected of bank staff after recent record sanctions for misconduct, including a $9-billion US fine against France's BNP Paribas, had left them fearful of retribution.

Source - http://www.financialexpress.com