In a just-published article in The Banker, Stuart Mackintosh, Executive Director of the Group of Thirty, and Starling Founder & CEO Stephen Scott call for global collaboration on developing new tools and techniques for firms and their supervisors to assess organizational culture and non-financial risk management.
Mackintosh and Scott reference Good Supervision: Lessons from the Field, a recent paper published by the International Monetary Fund (IMF) that echoes assertions that this year's bank failures stemmed from deficient risk management and governance. This reinforces the need for more effective supervision of firms' capabilities in this regard, the IMF argues.
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