“Lessons in life will be repeated until they are learned,” Klaas Knot writes in Closing Comments to our report. “In recent years,” Knot observes, “there has been increasing recognition that governance and culture relating to financial risks cannot be separated from governance and culture of firms’ activities considered more broadly.” [Read the article here]
Serving as President of De Nederlandsche Bank since 2011, in December last year, Knot took up chairmanship of the Financial Stability Board — created in the wake of the financial crisis to provide a forum where national financial authorities and international standard-setting bodies could collaborate and coordinate in the promulgation of effective regulatory, supervisory, and other financial sector policies.
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