In remarks offered at an industry webinar event, James Hennessy, Head of the Governance and Culture Reform Initiative at the NY Fed, explained how the Initiative he leads undertakes its work, offering key learnings from the previous year and a preview of its plans for the coming year.
Ultimately, the NY Fed's Initiative aims at reducing misconduct in the banking sector by promoting healthier firm cultures and improved public trust. Hennessy's team hosts a series of live and virtual events featuring multi-disciplinary experts, offers case studies for use in ethics training, and convenes a Supervisors Roundtable for Governance Effectiveness.
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