The Importance of Culture in an Organization: Are We Learning Yet?

I write this having just returned from the 23rd International Conference of Banking Supervisors, marking the 50th Anniversary of the Basel Committee on Banking Supervision (BCBS). I am proud to have served for nearly 10-years as the Basel Consultative Group Co-Chair, representing non-member countries.

The men and women around the BCBS table are truly dedicated to their mission, and beyond reproach in terms of integrity, professionalism, and expertise. I can say the same in my interactions with the Financial Stability Board (FSB), the International Association of Insurance Supervisors (IAIS), and the International Organization of Securities Commissioners (IOSCO). The people who make up these bodies are mission-driven public servants who often go largely unrecognized in the important work they do.