Sterling RISQ has put together a report that outlines the key learnings from Hong Kong’s Monetary Authority Report which touch on the Implementation of Mandatory Reference Checking Scheme to Address the “Rolling Bad Apples” Phenomenon. The “Rolling Bad Apples” (RBA) phenomenon was described as instances where an errant individual who has engaged in misconduct during their course of employment in a particular banking and financial institution could seek and obtain subsequent work within the industry without the need to disclose their previous misconduct.